Barclays analyst Ross Sandler lowered the firm’s price target on Amazon.com to $130 from $140 and keeps an Overweight rating on the shares post the Q4 results. The analyst marked-to-market Web Services estimates to reflect the industry-wide deceleration and also revised Q1 operating income estimates to reflect recent reduction-in-force. Aside from these changes, it sees a "solid backdrop" for Amazon shares.
Published first on TheFly
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