Investors find little appetite for consumer staples

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Amazon.com (AMZN) PT Raised to $1,840 at MKM Partners; 'Shares Can Appreciate by 2.5x to 3.0x Over Next 5 Years'

May 29, 2018 6:28 AM EDT

MKM Partners raised its price target on Amazon.com (NASDAQ: AMZN) to $1,840.00 (from $1,750.00) while maintaining a Buy rating, following an update to the company's current outlook.

Analyst Rob Sanderson notes a positive outlook on the shares, regarding AMZN as "still the best long-term... More