Amazon’s Stock Gets a Downgrade. Profit ‘Story Faces Multiple Headwinds.’
Estimates for Amazon’s operating income have consistently been revised higher, but now there are reasons to believe the expansion will be capped.
Amazon stock sinks as Wells Fargo downgrades shares
Amazon stock dropped amid a downgrade from Overweight to Equal Weight by Wells Fargo. Wells Fargo said Monday that Amazon's strength in the cloud services market won’t be enough to stave off hurdles: rising competition from Walmart,
Amazon.com shares downgraded by Wells Fargo who says cloud strength 'not enough'
Analyst Ken Gawrelski became one of the few analysts tracked by Bloomberg who doesn’t have a buy recommendation on the stock. He also cut his price target from $225 to $183, one of the lowest on Wall Street.
After downgrading Amazon, Wells Fargo says buy Microsoft stock
After downgrading Amazon (NASDAQ:AMZN) this week, Wells Fargo said it is increasing its Microsoft (NASDAQ:MSFT) position, recommending investors focus on the tech giant as part of its "Signature Picks" portfolio.
Amazon (NASDAQ:AMZN) Stock Falls 3% on Rare Analyst Downgrade
Shares of Amazon ($AMZN) are down 3% after the e-commerce giant’s stock was hit with a rare analyst downgrade. Wells Fargo ($WFC) analyst Ken
Amazon Stock Falls After Rare Analyst Downgrade
Amazon stock fell in Monday morning trading after the tech behemoth got a rare downgrade from an analyst, citing headwinds for margin growth.
Booking Holdings: A Balanced Perspective on Growth Prospects and Market Expectations
Wells Fargo analyst Ken Gawrelski has maintained their neutral stance on BKNG stock, giving a Hold rating on October 3. Ken Gawrelski’s ...
Amazon Stock Is Sliding Monday: What's Going On?
Amazon.com Inc (NASDAQ:AMZN) shares are trading lower Monday following a downgrade from Wells Fargo. Amazon shares also ...
Why Amazon Stock Dropped Early Today
Weaker profit margins and the big cash drain that is Project Kuiper pose particular risks to Amazon's growth story.
Wells Fargo Sticks to Their Hold Rating for Expedia (EXPE)
Wells Fargo analyst Ken Gawrelski maintained a Hold rating on Expedia (EXPE – Research Report) yesterday and set a price target of ...
Amazon Cut as Wells Fargo Warns Cloud Strength ‘Not Enough’
Amazon.com Inc. shares fell in premarket trading on Monday, following a rare analyst downgrade that cited concerns over ...
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Ken Davenport
Ken Davenport has written 5 shows including The Awesome 80s Prom (Conceiver), Altar Boyz (Conceiver), My First Time (Playwright), Miss Abigail's Guide to Dating, Mating, & Marriage (Playwright ...
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Ken Silverstein
Since the late 1990s, Ken Silverstein has covered energy, beginning with the rise and fall of Enron — first as a magazine writer before becoming a columnist and editor. He has been a columnist ...
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Ken Rice
A national award-winning journalist, Ken Rice co-anchors the weeknight editions of KDKA-TV News at 5, 6, and 11. Ken has anchored KDKA's live coverage of landmark events including the Quecreek ...
Why Amazon (AMZN) Shares Are Sliding Today
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) fell 3.1% in the morning session after Wells Fargo ...