Jefferies Cuts Numbers On Amazon (AMZN) On Disappointing Report, Maintains Buy

Jefferies lowered its price target on Amazon.com (NASDAQ: AMZN) from $240 to $225 following disappointing Q4 results and outlook.

The firm comments, "While 4Q sales disappointed, we view this as a mix issue and not a sign of weakening fundamentals. AMZN's relentless focus on selection, price and convenience and an agnostic view to owned vs. 3P sales has enabled it to offer a superior shopping experience; evidenced by record growth in active users and robust growth in sold units."

The firm cut FY12 EPS from $2.07 to $1.55.

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $194.44 yesterday.

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