Amazon dangles deeper 'Prime Day' discounts for stressed US shoppers

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Amazon (AMZN) 'risk/reward still favorable on the print,' added to Wells Fargo Signature Picks

July 11, 2023 8:00 AM EDT

Amazon (NASDAQ: AMZN) was added to Wells Fargo's Signature Picks list in a note Tuesday, with analyst Ken Gawrelski reiterating an Overweight rating and $159 price target on the stock.

In its second-quarter preview note of the tech giant, Wells Fargo said that Amazon... More