Argus Upgrades Amazon.com (AMZN) to Buy

Argus upgraded Amazon.com (NASDAQ: AMZN) from Hold to Buy on growth prospects.

Based on the firm's historical comparables analysis and discounted free cash flow valuation, they believe Amazon's growth prospects are accelerating more rapidly than the share price, thus creating a favorable entry point.

They believe AMZN warrants long-term accumulation in most equity accounts.

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 $789.74 yesterday.

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