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BofA (BAC) lifts Amazon.com (AMZN) to Buy with a target of $103, saying it believes AMZN will...

BofA (BAC) lifts Amazon.com (AMZN) to Buy with a target of $103, saying it believes AMZN will outperform its peers and return to double-digit growth in 2010. Firm notes AMZN has underperformed since April due to competitive fears, which it says are overblown. Shares +2.7% premarket to $85.80.
Comments (1)
  • SecretaryNotSure
    , contributor
    Comments (24) | Send Message
     
    I guess a PE of 58 is not high enough? Double digit growth it a jobless recovery market. I guess ..whatever it takes to keep this market propped up.
    16 Sep 2009, 09:44 AM Reply Like
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