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AMZN

Amazon.com

$831.00

-10.71 (-1.27%)

05:52
10/12/16
10/12
05:52
10/12/16
05:52

Amazon launches Amazon Music Unlimited

Amazon introduced Amazon Music Unlimited, an on-demand music service that redefines music streaming by putting a catalog of tens of millions of songs and thousands of hand-curated playlists and personalized stations not just at the tips of your fingers, but also on the tip of your tongue. Amazon Music Unlimited makes discovering new music or listening to favorites easier and more fun than ever with a redesigned Amazon Music app as well as with innovative new Alexa voice controls. "Amazon Music Unlimited brings real value to the millions of people who are already Prime members, with a choice of subscribing for only $7.99 a month or even $79 per year. Plus, customers are going to love Amazon Music's all-new app for iOS, Android and desktop," said Jeff Bezos, Amazon Founder and CEO. "And if you want a sense of the future of voice-controlled music, go ahead and ask Alexa for a free Music Unlimited trial, and play around on your Echo. If you don't know the name of a song but know a few lyrics, if you want to hear songs from a specific decade, or even if you're looking for music to match your mood, just ask." Amazon is offering an exclusive "for Echo" subscription plan for only $3.99/month, with full access to Amazon Music Unlimited on a single Echo, Echo Dot or Amazon Tap.

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AMZN Amazon.com
$831.00

-10.71 (-1.27%)

10/05/16
RHCO
10/05/16
NO CHANGE
Target $850
RHCO
Neutral
Amazon.com price target raised to $850 from $800 at SunTrust
SunTrust analyst Robert Peck continues to think Amazon will benefit from the Prime flywheel, higher third-party adoption, and secular Web Services growth, but he keeps a Neutral rating on the stock, citing the positive assumptions already "baked into" Street expectations, rising competition, its high capital intensity and tough comps. The analyst raised his price target on Amazon shares to $850 from $800.
10/05/16
MKMP
10/05/16
NO CHANGE
MKMP
Buy
Reported VMware pact with Amazon a positive, says MKM Partners
MKM Partners analyst Kevin Buttigieg noted the Fortune report claiming that VMware (VMW) will soon announce a cloud partnership with Amazon Web Services (AMZN). Such an agreement with Amazon would be positive for VMware, as it will signal their confidence in their ability to sell software for use on-premise and underscore a belief that public cloud is unlikely to assume all workloads. The firm has a Buy rating on VMware shares.
10/06/16
OPCO
10/06/16
NO CHANGE
OPCO
Microsoft, Amazon well positioned to enable cloud, AI trends, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that machine learning and artificial intelligence have been use to improve applications and acceleration of infrastructure builds, with "intelligent software" designed to make lives easier and more productive. Further, the analyst sees communications and cloud services continuing to converge, with infrastructure and data as key components to AI. Microsoft (MSFT) and Amazon (AMZN) Web Service are well positioned to enable these trends, he contends, adding that he see colocation providers, such as Equinix (EQIX) and Interxion (INXN), and networking companies like Zayo Group (ZAYO) GTT Communications (GTT) as beneficiaries.
10/10/16
DBAB
10/10/16
INITIATION
Target $90
DBAB
Sell
Deutsche sees Netflix takeover as unlikely, starts shares at Sell
Deutsche Bank analyst Bryan Kraft initiated shares of Netflix (NFLX) with a Sell rating and $90 price target. The stock closed Friday down 25c to $104.82. The risk/reward is unattractive as consensus expectations reflect an "optimistic case," Kraft tells investors in a research note. Market expectations appear too high through 2020, the analyst contends. He also expresses skepticism that Netflix will be acquired. The business is "too fully formed" and valued to be acquired by Disney (DIS) and Apple (AAPL), Kraft writes. He also sees Amazon.com (AMZN) as a competitive risk to Netflix.

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