Amazon.com price target raised to $157 from $150 at DA Davidson

DA Davidson analyst Tom Forte raised the firm’s price target on Amazon.com to $157 from $150 and keeps a Buy rating on the shares. The company’s sales and profits were better than the consensus and the firm’s estimates, the analyst tells investors in a research note. The firm also note that this Amazon.com.’s first earnings call since the FTC sued Amazon for antitrust in September, and while the management did not offer any remarks regarding the lawsuit, DA Davidson is “monitoring the situation closely”.