Before the open this morning, Citigroup analyst Mark Mahaney upped his rating on Amazon (AMZN) to “Buy”
from “Hold” and raised his price target on the stock to $119 from $95
(AMZN closed Monday at $92.64). He cites consolidation in the stock
since July and a toning down of expectations for long term operating
margins.
An Attractive Entry for an Amazon Short
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