Amazon.com (AMZN) PT Cut to $400 at Argus
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UPDATE: Citi Upgrades Amazon.com (AMZN) to Buy; Analyst Points to Top-line Growth
January 13, 2015 8:22 AM EST(Updated - January 13, 2015 9:04 AM EST)
Citi upgraded Amazon.com (NASDAQ: AMZN) from Neutral to Buy with a price target of $354.00. Analyst Mark May noted attractive valuation, top-line growth, and more stable margins.
"We are upgrading Amazon to Buy for three main reasons: 1) We believe Amazons valuation represents a good risk/reward as we see valuation support near $300 and upside... More
