Oppenheimer Upgrades Amazon.com (AMZN) to Outperform
More News related to AMZN
- Standpoint Research Maintains Sell On Amazon.com (AMZN), Questions Valuation
- Susan Boyle's "I Dreamed a Dream" is Amazon Music's Largest Global CD Pre-Order
- Piper Jaffray Raises Amazon (AMZN) Price Target to a 'Street High' $163, Also Raises EPS Estimates
- Needham Downgrades Amazon.com (AMZN) to Hold
- Griffin's Blue Ridge Likes A Major Bank, Swaps Into Gold Miner ETF, Picks Up More Silver and Makes Moves In Tech
More News related to Upgrades
- Schnizer Steel (SCHN) Beginning to Rally Following DA Davidson Upgrade
- Novellus (NVLS) Shares Spike Higher as DA Davidson Upgrades to Buy
- Gaylord Entertainment (GET) Upgraded at Gabelli; Stock Turns Positive
- BB&T Capital Upgrades The Andersons (ANDE) to Buy
- Caris & Co Upgrades Carmike Cinemas (CKEC) to Above Average
Oppenheimer resumes coverage on Amazon.com (Nasdaq: AMZN), also upgrading the stock from Perform to Outperform.
The firm believes a "sales deceleration" that started last year "bottomed and started to reverse" in Q2. Oppenheimer expects Amazon's sales growth to "steadily re-accelerate and increasingly exceed still-subdued Street forecasts."
Traders seem to be cheering the upgrade this morning, buying shares of Amazon. The stock most recently traded at $96.50, up nearly 2% from yesterday's close.
Visit our Analyst Ratings page to see all the upgrades/downgrades on shares of Amazon.com.
Amazon.com, Inc. operates as an online retailer in North America and internationally.
Related Categories
UpgradesStocks Mentioned
+0.67Sign 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!
