UPDATE - Nomura Securities Upgrades Amazon.com (AMZN) to Buy; PT to $285
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Price: $258.87 -0.48%
Rating Summary:
68 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
68 Buy, 7 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Nomura Securities upgrades Amazon.com (NASDAQ: AMZN) from Neutral to Buy. Price target raised from $200 to $285.
Analyst, Brian Nowak, said, "After having been on the sidelines since our initiation in November, we are beginning to see clouds part in the AMZN investment case as we believe we and the Street are under-appreciating the growing and expansive drivers within AMZN’s gross margin. We are raising our forward gross margin estimates, to now expect them to expand by 110bp in total over the next 3 years (vs. previously expecting them to fall by 133bp). Our new 2012/2013 CSOI estimates are $1,783M / $2.606M, 25% and 18% above Street, respectively."
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 $195.99 yesterday.
Analyst, Brian Nowak, said, "After having been on the sidelines since our initiation in November, we are beginning to see clouds part in the AMZN investment case as we believe we and the Street are under-appreciating the growing and expansive drivers within AMZN’s gross margin. We are raising our forward gross margin estimates, to now expect them to expand by 110bp in total over the next 3 years (vs. previously expecting them to fall by 133bp). Our new 2012/2013 CSOI estimates are $1,783M / $2.606M, 25% and 18% above Street, respectively."
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 $195.99 yesterday.
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