BMO Capital Initiates Coverage On Amazon.com with Outperform Rating, Announces Price Target of $200
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Brian Pitz has initiated coverage on Amazon.com with an Outperform rating and set a price target of $200 for the company's stock.
January 09, 2024 | 11:10 am
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BMO Capital has initiated coverage on Amazon.com with an Outperform rating and a price target of $200, indicating a positive outlook for the stock.
The initiation of coverage by BMO Capital with an Outperform rating typically suggests a bullish stance on the stock, implying that the analyst believes Amazon's stock will perform better than the market. The announcement of a price target of $200, which is likely above the current trading price, can be seen as a positive signal to investors and may lead to a short-term increase in the stock price if the market aligns with the analyst's perspective.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100