Amazon Stock Is Falling Because Morgan Stanley Cut Its Price Target. This Is the Big Problem.

 Amazon Stock Is Falling Because Morgan Stanley Cut Its Price Target. This Is the Big Problem.

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https://www.barrons.com/articles/amazon-amzn-stock-price-target-cut-51632755695


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Amazon.com stock was lower Monday after analysts at Morgan Stanley cut their price target, saying a push by the online retailer and tech giant to add to its logistics workforce was adding to profit pressures. 

Amazon (ticker: AMZN) fell 1.14% to $3,387.25. Higher bond yields also were hitting the stock Monday, as they were other fast-growing tech shares. The Nasdaq was falling 0.55%.

Morgan…


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