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Read Rosenblatt’s Take on Amazon

Read Rosenblatt’s Take on Amazon
Analyst Bio:

Rosenblatt analyst Barton Crockett updated Amazon.com Inc. for the 20–1 share split completed on June 6.

Crockett also reduced its split-adjusted PT by 26 percent to $107, near current trading levels. He reiterated a Neutral rating.

Crockett continued to see consensus long-term sales estimates as too high, mainly from what he saw as excessive long-term optimism for online retail.

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