NEW YORK (MarketWatch) -- Morgan Stanley
on Monday upgraded Amazon
.com Inc. to overweight from equal-weight, with a price target for the online retailer of $325 a share. Analysts Scott Devitt and Andrew Ruud said Amazon.com's global order fulfillment network amounts to an "underappreciated, strategic asset" that could help the company gain market share. Analysts hiked their 2015 sales forecast for Amazon.com to $166 billion from $145 billion. Shares of Amazon.com rose 1.9% in premarket trades. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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