Barclays analyst Ross Sandler raised the firm’s price target on Amazon.com to $150 from $130 and keeps an Overweight rating on the shares. The company reported revenue and operating income ahead of consensus and guided Q1 above at the high end, the analyst tells investors in a research note. Retail growth and margin are solid and normalizing, while Web Services is going through its first "mini-recession," says the firm. It thinks most of this is discounted in the shares, however.
Published first on TheFly
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