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RBC Capital analyst Brad Erickson initiated coverage of Amazon.com Inc (NASDAQ: AMZN) with an Outperform rating and $4,150 price target, implying a 25.7% upside. Erickson said Amazon is his favorite name in the group of internet stocks focused on e-commerce, advertising, and cloud as the company has a proprietary channel work on the advertising industry.
...read full article on Benzinga
