Barclays Capital Upgrades Amazon.com (AMZN) to Overweight
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Barclays Capital upgrades Amazon.com (Nasdaq: AMZN) from Equal-Weight to Overweight with a $54 price target, saying the company's competitive positions is strengthening in the current downturn.
Barclays said they expect Amazon.com to continue to gain share of both overall retail and e-commerce.
Amazon.com, Inc. operates retail Web sites, as well as provides programs that enable third parties to sell their products on its Web sites in North America and internationally.
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