Wells Fargo Initiates Coverage On Amazon.com with Overweight Rating, Announces Price Target of $159
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Brian Fitzgerald initiates coverage on Amazon.com (NASDAQ:AMZN) with an Overweight rating and announces a price target of $159.
June 08, 2023 | 8:10 am
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Wells Fargo initiates coverage on Amazon.com with an Overweight rating and a price target of $159.
The Overweight rating and price target announcement by Wells Fargo analyst Brian Fitzgerald is a positive signal for Amazon.com. This indicates that the analyst believes the stock will outperform the market in the short term, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100