Broadpoint.Amtech Starts Amazon.com (AMZN) at Neutral
More News related to AMZN
- Amazon (AMZN) Shares Higher as Analyst Upgrades, Sets 'Street High' Target of $160
- Bernstein Upgrades Amazon (AMZN) to Outperform
- The Amazon Wish List 10th Anniversary Celebration Continues
- Notable Mergers and Acquisitions of the Day 11/2: CF/TRA, DNR/EAC, AMZN, CMCSA/GE, USB, LPS
- Zappos.com Acquired by Amazon.com (AMZN)
More News related to New Coverage
- HSBC Starts PWRD at Overweight, SNDA, NTES at Neutral
- Macquarie Initiates Coverage on Deere & Co (DE) with a Neutral
- MKM Partners Initiates Coverage on Hertz Global (HTZ) & Avis Budget Group (CAR)
- Jefferies & Co Initiates Coverage on Mettler-Toledo (MTD) with a Buy
- Jefferies & Co Initiates Coverage on Millipore (MIL) with a Buy
Broadpoint.Amtech initiates coverage on Amazon.com (Nasdaq: AMZN) with a Neutral rating and $87 price target.
Analyst Benjamin Schachter said, "Despite very positive long-term revenue and margin growth prospects, valuation, uncertainty surrounding the broader macro outlook, and a lack of visibility around near-term drivers keep us on the sidelines for now." Schachter also notes that while core business execution continues, new growth drivers are still unproven.
Schachter rhetorically asks "would we put new money to work in the stock right now?" - Answering "No!"
Related Categories
New CoverageStocks Mentioned
+5.59Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
