Wednesday, July 25, 2007

Wall Street Analysts Failed to Foresee 28% Rally in Shares of Amazon.com

(Bloomberg) -- Amazon.com Inc.'s second-quarter
profit surprised Wall Street analysts, prompting at least six to
raise their rating on shares of the biggest online retailer.

Shares of Amazon, which climbed as much as 28 percent today,
have more than doubled over the past year. Just eight of the 25
analysts who cover Amazon recommend that investors buy the stock,
according to Bloomberg data.


Read more at Bloomberg Stocks News

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