KeyBanc Upgrades Amazon.com (AMZN) to Overweight

KeyBanc analyst Edward Yruma upgraded Amazon.com (NASDAQ: AMZN) from Sector Weight to Overweight with a price target of $2,100.00.

• Says AMZN is taking multiple operation moves to improve profitability in core retail.
• Believes actions could drive mid-term earnings above consensus expectations.
• Suspects mid-market grocery could emerge as an additional margin tailwind.
• Estimates AWS & Advertising together can spark upwards of $100 billion in model transformation.

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 $1686.22 yesterday.

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