Citizens JMP raised the firm’s price target on Amazon.com (AMZN) to $300 from $285 and keeps an Outperform rating on the shares. Amazon reported better-than-expected results, with revenue and operating income coming in above the high end of guidance by ~37 basis points and ~240bps, respectively, the analyst tells investors in a research note. Amazon appears to be operating well across its multiple franchises, Citizens says.
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