UBS AG (NYSE:UBS) has upgraded Amazon.com, Inc. (NASDAQ:AMZN) to a Buy from Neutral in a report the bank released today. The company says that Amazon is well positioned in several different markets that are likely to grow, and the company could deliver a 20% compound annual growth rate over the medium term. On the back of the report, shares in Amazon.com, Inc. (NASDAQ:AMZN) traded up on this morning’s market. The company’s stock opened this morning at $319.36, a gain of more than 2% overnight. the UBS AG (NYSE:UBS) report puts a price target of $385 on the online retailer. The…
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