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Amazon's target increased to 14% upside; co. will publish two Cromwell books

Published 05/29/2018, 10:35 AM
© Reuters.  Amazon's target increased to 14% upside; co. will publish two Cromwell books
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  • MKM Partners maintains a Buy rating for Amazon (NASDAQ:AMZN) and raises the price target from $1,750 to $1,840, a 14% upside to Friday’s close.
  • Analyst Rob Sanderson thinks Amazon’s share of the total U.S. retail sales market could grow to 14.5% by 2025, up from 5.2% last year, with third parties representing 80% of Amazon’s share.
  • In other Amazon news, the Amazon Publishing imprint announces a two-book deal with bestselling author Patricia Cromwell with the first title arriving in late 2019.
  • Amazon shares are down 0.2% to $1,607.16.
  • Now read: Foot Locker (NYSE:FL): A Phoenix Rising


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