Wolfe Research Cuts Amazon Price Target to $275 as Legal Suit Advances
Wolfe Research maintained Amazon's Outperform rating while cutting its price target from $305 to $275, signaling tempered expectations despite Amazon's AI-driven expansions. U.S. District Judge Robert Lasnik denied Amazon's motion to dismiss a pandemic-era price gouging class action, allowing the suit alleging failure to police excessive seller pricing to proceed.
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