(Bloomberg) — Amazon.com’s price target was cut at Morgan Stanley, which wrote that the online retailer’s profits could come under pressure as a result of a rising headcount and higher wages.
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The firm lowered its target from $4,300 to $4,100, putting it below the average analyst target of $4,157. The new view still points to upside of almost 20% from Amazon’s last close. Morgan Stanley, along with every other firm tracked by Bloomberg, recommends buying the…
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