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Amazon (AMZN) efficiency enhancements are 'bearing fruit' - Phillip Capital

August 10, 2023 8:18 AM EDT

Phillip Capital upgraded shares of Amazon (NASDAQ: AMZN) to Buy, raising the price target on the stock to $175 from $120 per share in a note Thursday.

Analyst Maximilian Koeswoyo told investors that Amazon's efficiency enhancements are "bearing fruit," with the e-commerce giant's 2Q23... More