Amazon Hit After JPMorgan Says Profit Declining

Posted on March 14, 2013 at 15:27 PM EDT

Shares of Amazon (NASDAQ: AMZN ) traded down over three percent on Thursday after analysts at JPMorgan downgraded the stock from Overweight to Neutral. JPMorgan lowered its price target on Amazon to $300 from $333. (Even though JPMorgan is now Neutral rated, Amazon still trades far below its price

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