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Amazon.com’s recent debt financing program has made at least one analyst a little nervous. In a report Friday, John Blackledge, an analyst for Cowen, reduced his price target on Amazon (AMZN) to 320 from 325 a share and cut his profit estimates on the company for the next few years after the world’s largest online retailer raised $6 billion in debt financing earlier this week. Blackledge has a market perform rating on the stock. Amazon shares fell Scalper1 News
Scalper1 News