Benchmark Reiterates, Sees "Meaningful Margin Expansion" for Amazon
January 31, 2014 at 11:35 AM EST
In a report published Friday, Benchmark analyst Daniel Kurnos reiterated a Buy rating on Amazon.com (NASDAQ: AMZN ) and raised the price target from $400.00 to $500.00 based on the expectations for meaningful margin expansion over the next few years. On Thursday, Amazon reported fourth quarter and full year 2013