Amazon (AMZN) Price Targets Cut as $200 Billion Capex Plan Weighs on Sentiment

Amazon.com, Inc. (NASDAQ:AMZN) ranks among billionaire David Tepper’s 10 favorite stocks. Benchmark reduced its price target for Amazon.com, Inc. (NASDAQ:AMZN) to $275 from $295 on February 6, but maintained a Buy rating on the tech giant. The drop follows Amazon’s recent earnings report, which included plans to invest $200 billion in capital expenditure this year, which is roughly $40 billion more than the market anticipated. christian-wiediger-rymh7EZPqRs-unsplash Despite a subdued overall reaction to ...