Morgan Stanley Maintains Overweight Rating on Amazon (AMZN) Amid Fresh Grocery Expansion
Amazon.com, Inc. (NASDAQ:AMZN) ranks among the best fundamental stocks to buy right now. Morgan Stanley reaffirmed its Overweight rating and $300 price target for Amazon.com, Inc. (NASDAQ:AMZN) on September 10, pointing to the company’s entry into the fresh grocery sector. According to Morgan Stanley, Amazon’s U.S. gross merchandise value may increase by about 120 basis points for every 1% of the market share it gains in this area. christian-wiediger-rymh7EZPqRs-unsplash Morgan Stanley states that Amazo ...