Telsey Advisory analyst Joseph Feldman lowered the firm’s price target on Amazon.com (AMZN) to $235 from $275 and keeps an Outperform rating on the shares. The firm believes Amazon should continue to gain profitable market share by leveraging its Prime member base, small business relations, and technological edge, the analyst tells investors. Telsey is lowering its price target on the stock as the firm waits for more information on tariffs and to reflect the uncertainty in macro trends.
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