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.

Analyst Comments Downgrades

Amazon (AMZN) Price Target Lifted to $510 at Goldman Sachs; Accelerating Revenue GrowthApril 24, 2015 9:10 AM Amazon (AMZN) PT Lifted to $435 at Wedbush; Impressive AWS ProfitsApril 24, 2015 7:44 AM Amazon (AMZN) PT to $460 at Cantor Fitzgerald; Domestic Strong and AWS 'Delights'April 24, 2015 7:41 AM Amazon (AMZN) PT Raised to $460 at Evercore ISI; AWS More Profitable Than ExpectedApril 24, 2015 7:37 AM Amazon (AMZN) Target Raised to $415 by SunTrust's Peck But Remains on the SidelinesApril 24, 2015 7:30 AM Janney Capital Upgrades Amazon.com (AMZN) to BuyApril 24, 2015 7:19 AM Amazon (AMZN) PT Lifted to $480 at Credit Suisse; Capex Clarity for AWS Drives FCF Estimates HigherApril 24, 2015 6:59 AM JPMorgan Upgrades Amazon.com (AMZN) to OverweightApril 24, 2015 6:36 AM Raymond James Upgrades Amazon.com (AMZN) to OutperformApril 24, 2015 6:35 AM Amazon (AMZN) PT Raised to $465 at Baird; Robust AWS Margins Stole the ShowApril 24, 2015 6:27 AM Amazon (AMZN) PT Raised to $500 at RBC CapitalApril 24, 2015 6:17 AM Amazon.com (AMZN) Tops Q1 EPS by 1c, Sales BeatApril 23, 2015 4:02 PM Amazon.com Announces First Quarter Sales up 15% to $22.72 BillionApril 23, 2015 4:01 PM