Oppenheimer analyst Jason Helfstein lowered the firm’s price target on Amazon.com (AMZN) to $220 from $260 and keeps an Outperform rating on the shares. Ahead of reporting Q1 results on Thursday, the firm is reducing its Amazon estimates to incorporate uncertainty around tariffs. Investors are highly uncertain as to the tariff impact on e-commerce, but Oppenheimer expects a greater impact on margins vs. revenue, to protect market share and customer experience.
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