Scotiabank raised the firm’s price target on Amazon.com (AMZN) to $275 from $250 and keeps an Outperform rating on the shares. Heading into Q2, Amazon sentiment is the “weakest” among the 3 hyperscalers in its coverage, the analyst tells investors. Prime Day remains a main focus for investors, with early reports showing results were worse than expected, but later reports stating the opposite, the firm adds.
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