Evercore Removes Amazon (AMZN) from 'Conviction Buy' List, Cuts Target to $250

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Evercore Partners' Ken Sena removed shares of Amazon.com (Nasdaq: AMZN) from its Conviction Buy list over the weekend. The analyst maintains an Overweight rating but reduced his price target from $260 to $250.

Shares of Amazon are indicated to open down about 0.4 percent to $207.48. Sena's new price target implies potential upside of about 20 percent from where the stock is currently trading.

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