Amazon coverage broadly confident subsequent earnings

|By:, SA News Editor

Despite the sell-off reaction to Amazon's Q3 miss on the bottom line, analysts at J.P. Morgan (target $975 from $1,000), Oppenheimer & Co. ($900), Jefferies ($950) and UBS ($900) maintain assorted Overweight, Outperform, and Buy ratings. Higher investment expenses are cited across the group, however, so are momentum and growth.

Amazon (NASDAQ:AMZNlower by 4.5% to $781.70.

Yesterday (October 27, 2016): Amazon -6% on major Q3 EPS shortfall [updated]

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