Pacific Crest Downgrades (AMZN) to Sector Weight

April 28, 2017 7:51 AM EDT
Get Alerts AMZN Hot Sheet
Price: $3,366.24 +1.04%

Rating Summary:
    55 Buy, 3 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 13 | New: 31
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Pacific Crest downgraded (NASDAQ: AMZN) from Overweight to Sector Weight.

Analyst Edward Yruma downgrades Amazon note this is "as good as it gets" as the stock approaches his previous $961 target. He sees moderating sales growth and retail competition intensifying. He also sees competition in the cloud heating up as Microsoft (NASDAQ: MSFT) Azure gains ground (+93% y/y growth according to the release Thursday after-hours).

FY 2017 EPS estimate falls from $7.73 to $7.18 and FY 2018 EPS estimate falls from $13.11 to $12.00.

For an analyst ratings summary and ratings history on click here. For more ratings news on click here.

Shares of closed at $918.38 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Downgrades, Hot Downgrades

Related Entities

Pacific Crest Securities