tiprankstipranks
The Fly

Amazon.com price target raised to $240 from $220 at Morgan Stanley

Amazon.com price target raised to $240 from $220 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Amazon.com (AMZN) to $240 from $220 and keeps an Overweight rating on the shares. The firm previewed Q2 EPS for the North American Internet group, stating that Amazon remains its top mega cap pick, while moving down the cap size it is most bullish on Uber (UBER), DoorDash (DASH), Trade Desk (TTD) and eBay (EBAY) and remains more cautious on online travel names and Etsy (ETSY).

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com