Morgan Stanley: Lowered Amazon's target price from US$4,300 ...

Morgan Stanley: Lowered Amazon's target price from US$4,300 to US$4,100 and maintains an overweight rating on the stock

$Amazon(AMZN.US)$ Morgan Stanley analysts analyzed Amazon’s 700,000 logistics employees in the United States and rising wages, and said that the two “show greater pressure on future profits.” Therefore, he will Amazon 2021 and 2022 Earnings before interest and taxes are expected to be revised down by 16% and 19%, respectively. Nowak also said that Amazon's stock price may maintain a range-bound trend before its revenue picks up again in the first half of 2022. He also predicts that by 2021, the company's logistics staff costs per unit will increase by 50% year-on-year.