EdgeWater 10/21/2010 10:57:37 PM
News / Business

Upgraded Stocks to Watch (MDZ, NFLX, AMZN, SCSS)

Upgraded Stocks to Watch

MDS Inc. (USA) (NYSE:MDZ) went up 3.66% to $11.04. RBC Capital upgraded MDS, Inc. from Sector Perform to Outperform. The firm also increased its price target on the stock from $10.50 to $14.

The stock opened at $10.85 and was trading within the range of $10.51-$11.17. Over the past five trading sessions, the stock went up more than 8%. The stock created its fresh 52-week high of $11.17.

Netflix, Inc. (NASDAQ:NFLX) soared 13.38% to $173.63. The company reported that its third-quarter profit surged 26% as the online movie rental company's revenue growth accelerated and margin improved. Net income rose to $38 million, or 70 cents a share, from $30.1 million, or 52 cents a share, in the year-earlier quarter.

Analysts, on average, expected the company to report earnings of 72 cents per share on revenue of $550.95 million.

An analyst at Janney Capital upgraded shares of Netflix from Sell to Neutral this morning following last night's strong Q3 results and strong subscribers’ guidance. The firm sets a $145 fair value estimate.

Amazon.com, Inc. (NASDAQ:AMZN) rose 3.42% to $164.09 after it created its fresh 52-week high of $166.13. BofA/Merrill Lynch upgraded Amazon.com from Neutral to Buy and raised their price target from $176 to $190.

Over the past 52-week, the stock traded within the range of $91.70-$166.13.

Select Comfort Corp. (NASDAQ:SCSS) jumped 15.87% to $7.74. Piper Jaffray upgraded Select Comfort from Neutral to Overweight with a price target of $9.

The company reported net income of $10.5 million, or $0.19 per diluted share in the third quarter of 2010, compared to net income of $6.9 million, or $0.15 per diluted share, during the same quarter last year.

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