Morgan Stanley Maintains Overweight on Amazon.com, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak maintains an Overweight rating on Amazon.com (NASDAQ:AMZN) but lowers the price target from $240 to $210.
August 06, 2024 | 3:59 pm
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NEUTRAL IMPACT
Morgan Stanley analyst Brian Nowak maintains an Overweight rating on Amazon.com but lowers the price target from $240 to $210.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100