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

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.
Comments (1)
  • Norwell
    , contributor
    Comments (49) | Send Message
     
    A real analyst is making a recommendation on the stock based soley on the past performance of the stock following a buyback announcement? Is there any causality involved at all?
    15 May 2012, 07:56 AM Reply Like
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