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via gurufocus.comMarkets

Amazon jumps over 5% after Morgan Stanley names it a top pick

FROM THE WIRE · GURUFOCUS.COM

Amazon (AMZN) shares rose more than 5% in Monday morning trading after Morgan Stanley raised its price target to $350 from $335 and named the retailer and cloud

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA raised target and top-pick call from a major bank can push a mega-cap stock higher.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Amazon rose more than 5% in Monday morning trading.
  2. 02Morgan Stanley raised its price target to $350 from $335.
  3. 03Morgan Stanley named Amazon a top pick, including its cloud business.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Amazon.com, Inc.AMZNStock261.91 USD-0.68%today -0.20%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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