Analysts: Amazon’s Success in India Isn’t Assured and 3 More Research Notes to Look Over
Amazon.com (NASDAQ:AMZN): Following the launch of Amazon’s Indian website, Piper Jaffray believes that the company faces significant competition in the country, and that its success in the region is not guaranteed. Piper doesn’t see the Indian site as being a large contributor to revenue over the next several years, but does expect Amazon.com to launch a marketplace in Brazil in the next two years. It keeps an Overweight rating on the stock.
ConocoPhillips (NYSE:COP): Given its expectations that ROCE percentage and unit profitability will improve as a result of its unconventional North American oil assets, Barclays has lifted its rating on ConocoPhillips from Equal Weight to Overweight, and raised its price target from $67 to $80.
Dollar General (NYSE:DG): Following Dollar General’s lower than expected Q1 revenue, Wells Fargo believes that the resulting pullback provides a nice entry point for the shares, as the company is still a high quality growth retailer. Although it brought its price target range on the stock to $53-$58 from $56-$60, it keeps an Outperform rating on the shares.
Bed Bath & Beyond (NASDAQ:BBBY): Nomura has upgraded Bed Bath & Beyond from Neutral to Buy in reflection of the integration of its merchant group into its main New Jersey facility, normalizing margins, an improving comp outlook, and valuation. It also raised its price target from $72 to $82.