Michaels Companies Stock Wins an Upgrade: What You Need to Know

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

It's been more than a month since Amazon.com (NASDAQ: AMZN) announced it was buying Whole Foods, putting Kroger in its crosshairs -- and Kroger stock in the garbage bin. It hasn't even been a week since Amazon announced the addition of Kenmore to its offerings, scaring investors away from appliance retailers. Meanwhile, Wall Street is frantically looking around, trying to find an Amazon-proof retailer...anywhere.

This morning, JPMorgan thinks it's found one. Here's what you need to know about that.

Source: Fool.com