BofA raised the firm’s price target on Amazon.com (AMZN) to $303 from $272 and keeps a Buy rating on the shares after an AWS beat helped drive a strong Q3 report. The Q4 outlook suggests “a solid holiday,” says the analyst, who raised the firm’s Q4 operating profit view to $26.0B, at the high-end of guidance, reflecting accelerating higher-margin AWS revenue growth, shipping efficiencies and retail headcount leverage.
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