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Telsey Advisory Group: Amazon could take 10% of retail market

Published 05/07/2018, 10:55 AM
© Reuters.  Telsey Advisory Group: Amazon could take 10% of retail market
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  • Telsey Advisory Group initiates Amazon (NASDAQ:AMZN) at Outperform with a $1,900 price target, a 20% upside to Friday’s close.
  • Analyst Joseph Feldman thinks Amazon will capture 9.6% of total retail sales by 2020 and sees food and drug as the “largest multi-year growth opportunity for Amazon.”
  • Amazon shares are up 1.4% to $1,603.50.
  • Now read: Is Amazon About To Get Hit Hard From Some Prime Churn Pain?


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