
Amazon.com (NASDAQ:AMZN) Stock Rating Lowered by Rothschild Redb

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Rothschild Redb downgraded Amazon.com (NASDAQ:AMZN) from a "strong-buy" to a "hold" rating. Despite this, other brokerages like HSBC, Deutsche Bank, Goldman Sachs, Citigroup, and China Renaissance have increased their target prices and maintained a "buy" rating. Amazon's stock opened at $222.55 on Tuesday, with a market cap of $2.38 trillion. The company reported strong quarterly earnings, with a 13.4% revenue increase year-over-year. Insiders have sold shares recently, and hedge funds have shown increased interest in the stock.
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