FTC lawsuit against Amazon ‘unlikely to be a surprise,’ says BofA

After The Wall Street Journal reported that the FTC plans to file an antitrust lawsuit against Amazon later this month that targets policies and fees for third-party merchants, BofA said the suit is “unlikely to be a surprise.” Given press reports and FTC Chairwoman Lina Khan’s public views on Amazon prior to her role with the Commission, BofA thinks an antitrust suit is now “expected.” The firm, which thinks a trial would most likely be in 2025, and a settlement, “while unlikely, is always possible,” has a Buy rating and $174 price target on Amazon shares.