Analysts: Amazon Sees Positive Third-Quarter Results and 3 More Research Notes to Read
Amazon.com Inc. (NASDAQ:AMZN): Piper Jaffray raised its price target for Amazon shares to $420 from $331 following the company’s positive third-quarter results. The firm reiterates an Overweight rating on the stock; Piper said that Amazon’s North American business has accelerated for the third consecutive quarter.
Forest Laboratories (NYSE:FRX): BMO Capital upgraded Forest Labs to Market Perform from Underperform, citing the company’s new strategic plan to be announced in January 2015; the firm raised its price target for Forest Laboratories shares to $33 from $27.
Columbia Sportswear (NASDAQ:COLM): Citigroup upgraded Columbia Sportswear to Neutral from Sell, noting that there is a more positive outlook for the company’s U.S. direct-to-consumer sales as well as a potential for a colder winter; Citigroup raised its price target for Columbia Sportswear shares to $67 from $45.
DuPont (NYSE:DFT): Citigroup upgraded DuPont to Buy from Neutral, noting the potential for long-term valuation creation from the separation of the company’s Performance Chemicals business; the firm raised its price target for DuPont shares to $70 from $61.
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