Amazon.com Stock Drops After Analyst Downgrade

Amazon.com Inc (NASDAQ:AMZN) stock is under pressure this morning, down 3.4% to trade at $166.44 at last check, after Raymond James lowered its rating to "outperform" from "strong buy" and cut its price target to $195 from $275. The analyst in coverage cited tariff-related headwinds and broader economic concerns. Scotiabank followed suit, trimming its price target to $250 from $306.Despite the stock's steep 23.2% year-to-date deficit, Wall Street remains overwhelmingly bullish. Of the 53 brokerages covering ...