UPDATE: Credit Suisse Lowers PT on Amazon.com on Solid 1Q13 Results
April 26, 2013 at 12:32 PM EDT
In a report published Friday, Credit Suisse analyst Stephen Ju reiterated an Outperform rating on Amazon.com (NASDAQ: AMZN ), but lowered the price target from $334.00 to $320.00. In the report, Ju noted, “Amazon reported solid 1Q13 results: revenue of $16.07 bn up 24%, excluding FX, was in-line with our