Guggenheim initiated coverage of Amazon.com (AMZN) with a Buy rating and $300 price target The retail sector still seems to be perceived as “structurally sick,” but the firm says “holiday brought the cheer,” tariffs have been manageable so far and “most importantly and likely going unnoticed” is the fact that the majority of the firm’s coverage actually operates at, or close to, their gross margin peaks.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Amazon.com initiated with a Buy at Guggenheim
- Alphabet Stock (GOOGL) Rises on AI Deal for U.S. Dept of War’s Workforce
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!
- Spotify (SPOT) Expands Music Video Access For Premium Users in the U.S. and Canada
- Amazon Stock (AMZN) Unmoved By King of Meat Game Studio Layoffs