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Joined Nov 11, 2007
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Amazon.com (NASDAQ:AMZN): Lowering to Equal-weight – Morgan Stanley

Morgan Stanley, the uber bull of Amazon.com (NASDAQ:AMZN) is cutting their rating to Equal-Weight from Overweight with a $190 PT (down $30).

– Firm says they would be buyers of the stock at levels closer to $150 (~1x 2012E Net Sales) or toward the end of the more challenging year ahead.

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