Nomura Securities Starts Amazon.com (AMZN) at Neutral

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November 10, 2011 5:17 PM EST
Get Alerts AMZN Hot Sheet
Price: $233.66 --0%

Rating Summary:
    68 Buy, 7 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 11 | New: 4
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Nomura Securities initiates coverage on Amazon.com (NASDAQ: AMZN) with a Neutral rating and $220 price target.

Analyst Brian Nowak comments, "Amazon.com (AMZN) is an impressive top-line story that we think could triple its revenue base over the next five years (~27% CAGR). That said, we believe the Street is underestimating the extent and duration of margin pressure caused by simultaneously investing in its three key platforms: Retail, Media and Technology."

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $211.22 yesterday.

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