Wells Fargo cuts Amazon's rating
Wells Fargo downgrades Amazon: Near-term costs for Project Kuyper will pressure margins
Ken Gawrelski, Wells Fargo equity analyst, joins 'Money Movers' to discuss the firm's downgrade of Amazon, how rivals are playing a role in the company's investment thesis, and much more.
Wells Fargo cuts Amazon's rating as headwinds pressure OI, margins in the near term
Wells Fargo cut rating on Amazon.com (NASDAQ:AMZN) to "equal weight" from a previous investment rating of "overweight" on Monday. They note that the company has been "a consistent positive revision story" but now see several factors pressure revisions in the near term.
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.
Amazon downgraded at Wells Fargo as 'positive revision story on pause'
Wells Fargo downgraded Amazon (NASDAQ:AMZN) to Equal Weight from Overweight in a note to clients on Monday, citing multiple headwinds that are likely to pause the company's positive earnings revision story.
Amazon Stock Downgrade By Wells Fargo: A Bearish Signal On Growth Concerns
Wells Fargo downgrades Amazon stock due to growth concerns and competition from Walmart, technical indicators and market ...
One of Walmart's big bets is paying off in its retail battle against Amazon, analysts say
Walmart's logistics operations are pressuring Amazon and could limit its earnings, Wells Fargo analysts wrote, cutting their ...
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.
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 ...
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 ...
Holiday creep starts even earlier this year, with shorter selling window for retailers
The traditional holiday shopping period between Thanksgiving and Christmas is almost one week shorter this year.
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World Street | Buffett’s $10 billion BofA sale, Brent tops $80, FTX bankruptcy plan cleared, and more
From Apple shares getting a downgrade, to FTX repaying a majority of its customers; here's a look at some of the major ...
Amazon Falls After Analyst Downgrade
Amazon.com Inc. shares fell in premarket trading on Monday, following a rare analyst downgrade that cited concerns over ...