Bernstein Upgrades Amazon.com To Outperform
November 06, 2009 8:22 AM
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.







