STEC: Here Come The Lawyers!

Whenever stocks fall apart, lawyers (and lawsuits) are sure to follow.

Amazon: Bernstein Turns Bullish; Sets $160 Target

Posted by Eric Savitz

Amazon.com (AMZN) shares are getting a boost this morning from Bernstein Research analyst Jeffrey Lindsay, who lifted his rating on the stock to Outperform from Market Perform, and boosted his price target to $160 from $125.

“We believe that current valuations give Amazon insufficient credit in three areas,” he writes in a research note.