Amazon.com (AMZN): Cutting PT On Weaker Cloud Checks - Deutsche Bank

Deutsche Bank analyst, Lloyd Walmsley, retierated his Buy rating on shares of Amazon.com (NASDAQ: AMZN) but trimmed his price target to $1135 from near-term risk to investor sentiment due to slightly more cautious checks around cloud migration which may lead investors to reduce near term growth in this segment.

The analyst's “end state” view remains bullish on AWS/cloud centric computing, and he remains upbeat on the long term retail opportunity in NA and int’l. He also states that he would use any pullback around AWS growth rate shortfalls to add to long term positions.

The PT of $1135 is down from $1150.

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 $1010.04 yesterday.

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