Finance : One-Day Shipping Pain Worth It For Amazon's Long-Term Gain

Amazon.com, Inc.'s (NASDAQ: AMZN) stock dropped on Friday after it issued weaker-than-expected guidance for the upcoming holiday season, but analysts remained bullish on the company and its one-day shipping buildout efforts. Amazon's third-quarter results were mixed, with earnings missing Street estimates, but sales coming in slightly ahead of expectations. Morgan Stanley’s Brian Nowak kept an Overweight rating on Amazon, but lowered the price target from $2,200 to $2100.

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October 25, 2019 at 10:05PM