Amazon.com (AMZN) PT Lowered to $167 at UBS
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JPMorgan Reiterates Amazon, Booking, and Uber as Top Internet Stocks to Own
June 29, 2022 5:53 AM EDTJPMorgan analyst Doug Anmuth revisited the banks research coverage of Internet stocks to cut estimates and price targets on 26 companies to reflect macro pressures, FX, & company-specific dynamics.
The analyst notes a deteriorating macro environment amid surging fuel prices and high inflation, while JPMorgan economists see a 66% chance of a recession over the next... More
