Amazon.com upgraded to "buy"

15.11.07 - Stifel Nicolaus

NEW YORK, November 15 (newratings.com) - Analysts at Stifel Nicolaus & Company upgrade Amazon.com Inc (AMZN) from "sell" to "buy." The 12-month target price is set to $91.

In a research note published this morning, the analysts mention that the company?s share price has declined over the past several weeks. Amazon.com?s growth is expected to be driven in the forthcoming five years by long-term margin improvement, growth in the eCommerce sector and healthy performance of the international, Amazon Prime, Web Services businesses, the analysts say.