Bernstein Upgrades Amazon.com To Outperform

Symbols: AMZN
Tags: Bernstein
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Bernstein upgrades Amazon.com (Nasdaq: AMZN) from Market Perform to Outperform.

Bernstein believes the Street's sales growth and margin expansion estimates are too low.

Bernstein is raising Amazon's price target from $125 to $160.

Amazon closed at $120 yesterday, giving Bernstein's price target a 33% premium to AMZN's closing price yesterday.


 
 
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