Amazon price target lowered to $155 from $160 at Evercore ISI

Evercore ISI analyst Mark Mahaney lowered the firm’s price target on Amazon.com to $155 from $160 based on a more conservative approach to the AWS segment and keeps an Outperform rating on the shares. The Amazon long thesis is "very much intact," with Amazon having a leading position in online retail, cloud computing and online advertising, but the firm’s recent channel checks and forensic financial analysis suggest that AWS growth and margin stabilization "are not likely first half developments," the analyst tells investors.