Morgan Stanley Upgrade Of Amazon Ridiculous At Every Level
by Timothy Phillips
Morgan Stanley upgraded Amazon.com (AMZN) on Monday and upped its price target to a nose bleeding level of $325 per share. The main thesis of the upgrade by the Morgan Stanley analysts centered on contending that Amazon's global order fulfillment network is an "underappreciated, strategic asset" that could help the company gain market share. They believe this asset will drive revenue in 2015 to $166 billion from an estimated $61.5 billion in 2012. There are three ways to look at this astonishing forecast. read more »
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