From iStockAnalyst: Merrill Lynch/BAC is making a substantial call on Amazon.com (NASDAQ:AMZN: 120.27, -2.97) downgrading it to Neutral from Buy ahead of quarterly #’s. Their price target is lowered to $140 from $150. While Amazon remains one of the faster growers in the Internet sector, and this is not a Kindle-unit-sales-related downgrade, the firm is downgrading the [...]
Entries Tagged as 'downgraded'
Merrill Lynch just downgraded Amazon’s stock
July 15th, 2010 · 5 Comments · Uncategorized
Tags:Amazon·downgraded·lynch·merril·stock
Amazon stock downgraded due to ebook rivalry
June 29th, 2010 · No Comments · opinion
The Wall Street Journal is reporting: Despite its early lead in the fast-growing e-book market, Amazon.com Inc. (AMZN) faces growing competition from tech giants Google Inc. (GOOG) and Apple Inc. (AAPL), according to one analyst. Marianne Wolk of Susquehanna downgraded Amazon to a neutral rating on Monday. In a note to clients, the analyst cited [...]
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