Amazon downgraded at Wells Fargo as 'positive revision story on …

Oct 7, 2024 · Amazon downgraded at Wells Fargo as 'positive revision story on pause' India stocks lower at close of trade; Nifty 50 down 0.87% HIms & Hers shares rise premarket on …

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Amazon Downgraded At Wells Fargo As 'positive Revision Story On …

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Oct 7, 2024 · Amazon downgraded at Wells Fargo as 'positive revision story on pause' India stocks lower at close of trade; Nifty 50 down 0.87% HIms & Hers shares rise premarket on …

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Amazon Downgraded At Wells Fargo As 'positive Revision Story On …

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Oct 7, 2024 · As such, we move to Equal Weight until visibility into margin expansion resumes," writes Wells Fargo. Wells Fargo reduced its OI estimates for Amazon by $5.4 billion, $4.5 …

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Amazon.com Just Downgraded At Wells Fargo, Here’s Why

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Oct 7, 2024 · Wells Fargo downgraded Amazon.com to Equal Weight from Overweight with a price target of $183, down from $225. The firm says Amazon’s “positive estimate revision story …

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Amazon.com Downgraded To Equal Weight From Overweight At …

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Oct 7, 2024 · Wells Fargo downgraded Amazon.com to Equal Weight from Overweight with a price target of $183, down from $225. The firm says Amazon’s “positive estimate revision story …

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Amazon Stock Downgrade By Wells Fargo: A Bearish Signal On …

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Oct 8, 2024 · Wells Fargo's downgrade marks a rare moment of skepticism toward Amazon, with Gawrelski stating, “We are selling our 7.6% AMZN position,” citing “limited visibility into further …

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Amazon Faces Downgrade As Wells Fargo Adjusts Outlook Amid …

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Oct 7, 2024 · In a surprising move, Wells Fargo has downgraded Amazon (AMZN) from Overweight to Equal Weight, while trimming its price target from $225 to $183. This …

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Here's What Wall Street Is Saying About Amazon Ahead Of Earnings

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Oct 31, 2024 · MULTIPLE HEADWINDS: On October 7, Wells Fargo downgraded Amazon.com to Equal Weight from Overweight with a price target of $183, down from $225. The firm says …

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Amazon (NASDAQ:AMZN) Stock Falls 3% On Rare Analyst …

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Oct 7, 2024 · 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 Gawrelski downgraded …

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WELLS FARGO DOWNGRADES AMAZON, CITING PROFITABILITY …

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Oct 8, 2024 · Amazon's (AMZN) stock took a hit on October 7, 2024, closing 3% lower after Wells Fargo analyst Ken Gawrelski downgraded the company from Overweight to Equal Weight, …

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FAQs about Amazon downgraded at Wells Fargo as 'positive revision story on … Coupon?

Why did Wells Fargo downgrade Amazon?

Investing.com -- 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. ...

Why did Amazon stock drop?

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, easing income from its advertising business, and high costs linked to its satellite project. ...

Why was Wells Fargo cut?

The cut from Wells Fargo comes despite the analyst's positivity about Amazon Web Services, the company's profit-driving cloud division. Sales growth has accelerated in recent quarters after slowing in late 2022 and parts of last year. "In our view, AWS strength alone is not enough," Gawrelski wrote. ...

Why did Amazon (AMZN) stock close 3% lower Monday?

Amazon (AMZN) stock closed 3% lower Monday as Wells Fargo (WFC) analysts downgraded shares, noting that the company's strength in the cloud services market won’t be enough to stave off other hurdles to its profit margins. ...

Why did Amazon stock fall in Monday trading?

Amazon stock fell in Monday trading after the tech behemoth got a rare downgrade from an analyst, citing headwinds for margin growth. ...

Is Amazon still a margin expansion story?

"Amazon remains a margin expansion story," Wells Fargo noted, adding that the pace of this expansion will likely be more moderate than the market currently expects. The report also points to increasing competition from Walmart (NYSE:WMT)'s expanding fulfillment services, which are now priced 15% cheaper than Amazon's FBA offering. ...