Amazon.com price target raised to $230 from $223 at UBS
The Fly

Amazon.com price target raised to $230 from $223 at UBS

UBS analyst Stephen Ju raised the firm’s price target on Amazon.com (AMZN) to $230 from $223 and keeps a Buy rating on the shares. Following the quarterly results, UBS says Amazon has multiple shots on goal for ongoing margin expansion, telling investors in a research note that Amazon is controlling headcount and operating expense growth, and the firm believes the margin upside is durable.

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