| 2019-07-22 07:07:38|
AMZN 07:07 07/22 07/22/19
Amazon.com price target raised to $2,200 from $2,100 at KeyBanc
KeyBanc analyst Edward Yruma raised his price target for Amazon to $2,200 from $2,100 as he believes that trends have improved since the Q1 and given higher estimates for U.S. retail. The analyst notes that Amazon's Fifth Annual Prime Day was the biggest in company history - bigger than Black Friday and Cyber Monday combined - and largely avoided the technical difficulties of last year. The event lasted 12 hours longer this year, fueling the record sales, he adds. Yruma reiterates an Overweight rating on the shares.