Morgan Stanley Reiterates Overweight Rating, $325 PT on Amazon.com
In a report published Wednesday, Morgan Stanley reiterated its Overweight rating and $325.00 price target on Amazon.com (NASDAQ: AMZN).
Morgan Stanley noted, “CSOI materially outperformed expectations despite a CQ4:12 Net Sales miss and a weaker than expected Net Sales guide for CQ1:13. Amazon.com is driving lower unit variable costs through fixed cost fulfillment investments, and we expect greater seasonality in CSOI margins going forward.”
Amazon.com closed on Tuesday at $260.35.
Latest Ratings for AMZN
|Apr 2016||Goldman Sachs||Maintains||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.