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Pacific Crest Downgrades Amazon.com (AMZN) to Sector Weight

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Amazon.com (AMZN) PT Raised to $1,060 at Macquarie; '1Q Revs and CSOI were 1% & 18% Above our Expectations'

April 28, 2017 12:48 PM EDT

Macquarie raised its price target on Amazon.com (NASDAQ: AMZN) to $1,060.00 (from $995.00) while maintaining a Outperform rating, following the company's first quarter earnings report.

Analyst Benjamin Schachter notes the company remains a leader in growing secular markets, e-commerce and cloud, while... More