Analyst upgrades: Amazon, PG&E, Centerplate

MOST NOTEWORTHY: Amazon.com, PG & E and Centerplate were today's noteworthy upgrades:

Citigroup upgraded shares of Amazon.com (NASDAQ: AMZN) to Buy from Hold and raised their target to $119 from $95 as they believe the recent weakness has created an attractive entry point and that Amazon has one of best Fundamental outlooks for 2008 among all U.S. internet stocks.
The firm also upgraded PG & E (NYSE: PCG) to Buy from Hold on valuation, as they believe skepticism around the company's 8% EPS growth target is alredy priced into the stock.
Centerplate Inc. (AMEX: CVP) was raised to Buy from Neutral at Piper on valuation following the recent weakness.

OTHER UPGRADES:

CIBC upgraded Humana Inc. (NYSE: HUM) to Sector Outperformer from Sector Performer.
JP Morgan raised its rating on Priceline.com (NASDAQ: PCLN) and Becton Dickinson & Co. (NYSE: BDX) to Overweight from Neutral.

Tags: Amazon.com, AMZN, BDX, CVP, HUM, PCG, PCLN

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