Why Amazon Stock Was Trading Higher Today

Shares of Amazon (NASDAQ: AMZN) were up 2% as of 12:25 p.m. ET on Thursday after several analysts weighed in with their opinions on the stock's near-term return potential. 

BMO Capital reiterated an outperform rating for the stock, but the analyst also cut the near-term price target from $4,100 per share to $3,600. Other firms also adjusted their price targets but kept a bullish view on Amazon. The most bullish call was UBS, which set a buy rating on the stock with a $4,700 price target.

Image source: Amazon.

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Source Fool.com