Notable Downgrades: Amazon.com (AMZN), HSBC Holdings (HSBC), Barclays (BCS), The Valspar Corp (VAL)

Raymond James reported on Tuesday that they have lowered their rating for Amazon.com, Inc. (AMZN). The firm has downgraded AMZN from ‘Strong Buy’ to ‘Outperform’ noting they expect margin expansion to slow and increased competition to Amazon Web Services from Alphabet (GOOG) subsidiary Google’s Cloud Platform. Amazon.com Inc. recently traded at $558.29, a gain of […] View the full post at: Notable Downgrades: Amazon.com (AMZN), HSBC Holdings (HSBC), Barclays (BCS), The Valspar Corp (VAL) Related posts: HSBC Disappoints on Profit and Warns on Bad Loans Barclays Downgrades GE Unit Debt Explosion damages HSBC branch in Athens, no injuries