BofA raised the firm’s price target on Amazon.com (AMZN) to $272 from $265 and keeps a Buy rating on the shares after strong retail results drove a Q2 beat. Following the report, the firm raised its Q3 revenue forecast by 3% to $179.0B and raised its Q3 profit view to $20.4B from $18.4B, noting that it raised retail estimates while leaving AWS growth mostly unchanged.
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