AMZN: Morgan Stanley Ups to Buy; Distribution May Yield Greater Slice of E-Commerce Pie
Shares of Amazon.com (AMZN) are up $10.43, or 4%, at $269.58 after Morgan Stanley’s Scott Devitt today raised his rating on the stock to Overweight from Equal Weight, and assigned a $325 price target, after hiking his estimate for how much of the global e-commerce pie he thinks the company can make in coming years. [...]
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