Argus Downgrades Amazon.com (AMZN) to Hold

Argus downgraded Amazon.com (NASDAQ: AMZN) from Buy to Hold amid the recent strong run-up in the stock.

The firm notes shares are up 43% this year compared to the S&P’s less than 3% return. They view the stock as fairly valued at current levels

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 $445.10 yesterday.

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