AMZN: Pac Crest Ups to Buy on Mobile E-Commerce Dominance
Posted on January 18, 2013 at 11:53 AM EST
Pacific Crest’s Chad Bartley today raised his rating on shares of Amazon.com (AMZN) to Outperform from Sector Perform, with a $346 price target, arguing that the company’s “lead is growing” in retail commerce and that “market-share gains should sustain rapid growth.” The stock today is down 55 cents at $269.86. Calling Amazon a “disruptive force [...]