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Amazon Remains On Track For Solid Top-Line Growth In Q1

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The challenges faced by, Inc. AMZN in 4Q are unlikely to have continued into 1Q. JPMorgan’s Doug Anmuth maintained an Overweight rating for the company, while reducing the price target from $825 to $822. The analyst said that Amazon’s 4Q challenges were driven by high FBA demand, which is unlikely to have continued in 1Q.

1Q Expectations

Analyst Doug Anmuth expects Amazon to report net sales of $28.1B, 1 percent above the...