Amazon Hits ‘Prime’ Time As Analyst Sets 520 Target

By | May 21, 2015

Scalper1 News

More top-line beats are coming from Amazon.com (AMZN), says Morgan Stanley, which hiked its price target Thursday on the e-commerce giant. Morgan Stanley analyst Brian Nowak hiked his price target on the stock to 520 from 450. Amazon stock rose 2.8% to 435.54 in afternoon trading on the stock market today. Shares in Amazon.com are up more than 40% in 2015. The stock hit a record-high 452.65 on April 24, a day after the company reported Q1 revenue Scalper1 News

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