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Amazon (AMZN) cutting costs could result in significant upside EBIT - Morgan Stanley
November 11, 2022 10:34 AM ESTFollowing reports that Amazon (NASDAQ: AMZN) is undertaking a cost-cutting review and paring back investment on businesses that haven't been profitable, Morgan Stanley analyst Brian Nowak stated that "every 10% reduction could drive ~$1bn/5% to '23 EBIT."
The analyst, who has an Overweight rating and $140 price... More
