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KeyBanc Resumes Coverage of Amazon (AMZN) with Overweight Rating, $300 PT on Retail, Cloud Outlook

Amazon.com Inc. (NASDAQ:AMZN) is one of the stocks that should double in 3 years. On October 24, KeyBanc resumed coverage of Amazon.com with an Overweight rating and 300pricetarget. KeyBancbelievesthatthegrowthintheretailbusinessisbeingdrivenbyadvertisingrevenue,whichprovidesaclearpathforgrocerytobecomeamuchlargerandsignificantpartofthebusinessoverthemediumterm.KeyBancResumesCoverageofAmazon(AMZN)withOverweightRating,300 price target. KeyBanc believes that the growth in the retail business is being driven by advertising revenue, which provides a clear path for grocery to become a much larger and significant part of the business over the medium term. KeyBanc Resumes Coverage of Amazon (AMZN) with Overweight Rating, 300 PT on Retail, Cloud Outlook The fi ...