Exane BNP Paribas Upgrades Amazon.com to Neutral, Announces $140 Price Target
Portfolio Pulse from richadhand@benzinga.com
Exane BNP Paribas analyst Stefan Slowinski has upgraded Amazon.com (NASDAQ:AMZN) from Underperform to Neutral and set a price target of $140.

August 04, 2023 | 5:08 pm
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POSITIVE IMPACT
Amazon.com has been upgraded from Underperform to Neutral by Exane BNP Paribas, with a new price target of $140.
The upgrade from Underperform to Neutral by Exane BNP Paribas indicates a more positive outlook for Amazon.com. This could potentially lead to an increase in investor confidence and a short-term positive impact on the stock price. The new price target of $140, however, is significantly lower than the current trading price, which could create some downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100