Getty Images A photo taken on April 11, 2015 in Lauwin-Planque, northern France, shows a computer screen displaying the website of the Amazon electronic commerce company. AFP PHOTO PHILIPPE HUGUEN (Photo credit should read PHILIPPE HUGUEN/AFP/Getty Images)Bulls vs. Bears: The Amazon edition” played out in interesting fashion Wednesday: As one analyst warned of the company’s retail weakness in the U.S., another told investors to ignore the company’s financial performance and just buy. “While the value of a business is ultimately a function of the cash earnings it can produce, this should not be the focus of management or investors,” MKM Partners analyst Robert Sanderson wrote in a research note. Sanderson has a lofty $1,275 price target on Amazon AMZN, +1.15% stock, which has gained 28% in 2017 as the S&P 500 index SPX, +0.48% has increased 9%. Sanderson’s thesis is that executives are spending large with a long-term view, and investors have rewarded such activity with support because of what it could produce.via