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Mizuho Securities initiated coverage on
Amazon.com, Inc.AMZN with a Buy rating.
The target price for Amazon.com is set to $498.
Amazon.com shares have gained 35.59 percent over the past 52 weeks, while the S&P 500 index has surged 7.21 percent in the same period.
Amazon.com shares closed at $440.10 yesterday.
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