Morgan Stanley Names Amazon (AMZN) 'Long Research Tactical Idea' Following Launch of CloudDrive

March 30, 2011 8:55 AM EDT
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Shares of Amazon.com (Nasdaq: AMZN) are trading about 1.5 percent higher in pre-market action Wednesday as an analyst at Morgan Stanley named the stock a "Long Research Tactical Idea" earlier.

The research call follows news Tuesday that Amazon launched its CloudDrive platform for PC's, Mac's and Android-based devices. Traders cheered the launch Tuesday, bidding up Amazon shares by more than 3 percent.

The stock last traded at $177.13.

Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Amazon.com.


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