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Morgan Stanley Reiterates Overweight Rating, $325 PT on Amazon.com

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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

DateFirmActionFromTo
Jul 2016WedbushMaintainsOutperform
Jul 2016Goldman SachsMaintainsBuy
Jun 2016Maxim GroupInitiates Coverage onBuy

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