Tech ratings changes: Amazon, Intuit, Veeco, comScore, Itron
- Amazon (AMZN -1.6%) has been cut to Neutral by UBS. The firm cites Amazon's soft Q4 top-line performance, and a CIRP survey that indicates only 58% and 24% of Prime subs would respectively renew following price hikes of $20 and $40 (currently under consideration).
- Intuit (INTU -5%) has been cut to Underweight by Evercore following its FQ2 guidance cut.
- Veeco (VECO +3.1%) has been upgraded to Outperform by Credit Suisse ahead of its Feb. 19 Q4 report.
- comScore (SCOR -0.8%) has been upgraded to Outperform by Northland following its Q4 beat.
- Itron (ITRI +5.5%) has been upgraded to Buy by Needham ahead of today's Q4 report.