Amazon focus on boosting profits could raise shares by 25%: KeyBanc analysts

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Closing pop-up stores, pushing the grocery business and focusing on advertising all will help Amazon boost profits, KeyBanc analysts said as they raised the online retailer’s price target.

The analysts increased their recommended allocation on Amazon to overweight and boosted the price target to $2,100, implying nearly a 25 percent gain from Thursday’s close….



Source cnbc.com

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