Barclays Lowers Estimates on Amazon.com (AMZN); PT Cut to $190

Barclays maintains an 'Equalweight' on Amazon.com (NASDAQ: AMZN) price target cut from $225 to $190.

Analyst, Anthony J. DiClemente, said, "While we had suspected Amazon's 1Q margin guidance would underscore its ongoing investment spend, we were surprised by AMZN's lower-than-expected 1Q revenue guide, which was ~5% below our estimate and implies modest deceleration from here..."

"As a result of disappointing top and bottom line 1Q12 guidance, we reduce our 1Q12/ 2012E revenue ~1%/~3% and our PF op margin to 1.7%/2.5% from 2.1%/3.1% prior." (FY12 EPS estimate dropped from $2.06 to $1.21)

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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