Amazon’s stock was reiterated as “Buy” by Jefferies, with a new price target of $265 per share. The firm is optimistic about strong revenues and improved profit margins in the second quarter. BofA Securities removed Amazon from its US 1 List, but maintains a “Buy” rating for the company.

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Read more at Yahoo Finance: Jefferies Lifts Amazon (AMZN) Price Target to $265, Sees Revenue and Margin Upside