Investing
Citi Upgrades Amazon.com (AMZN) to Buy; Raises Price Target
Published:
Citi upgrades Amazon.com (Nasdaq: AMZN) from Hold to Buy. Price target increased from $65 to $97. The Citi analyst highlights 3 Reasons To Buy AMZN – 1) Potentially faster than expected operating margin recovery; 2) ’09 results could amplify AMZN’s scarcity value & 3) AMZN’s robust top-line growth rate may be more sustainable than expected.
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