Amazon (AMZN) is upgraded to Outperform at Credit Suisse, which also raises its price target to...

|By:, SA News Editor

Amazon (AMZN) is upgraded to Outperform at Credit Suisse, which also raises its price target to $270 from $190. CS takes note of the recent buyback announcement, saying the stock has historically outperformed the S&P by 132% in the 12 months following such moves. Shares +1.4% premarket.