While you were sleeping: Amazon, oil rally

Tue, 10 May 2016

By Margreet Dietz May 11 (BusinessDesk) - Equities on both sides of the Atlantic advanced with the price of commodities, while Amazon shares offered a boost as well. Shares of Amazon rallied, trading 3.1 percent higher at US$700.51 as of 2.59 pm in New York, after touching a record high US$701.93 earlier in the session. Sanford Bernstein Co analyst Carlos Kirjner raised his price target on Amazon’s stock to US$1,000, well above the consensus. "We think Amazon's businesses are now so large, fast-growing, and profitable that it is ha...

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