Jefferies raised its price target on Amazon to a Street high and said the company continues to benefit from the coronavirus crisis and is seeing more rapid growth at its higher margin businesses.is a potential beneficiary of COVID-19, as consumers limit exposure to crowded places and order more in nascent categories like grocery, positively influencing long-term purchase behavior.
In addition, we see long-term op income upside from faster growth at AMZN's higher-margin businesses and continued retail share gains from one-day."Oppenheimer raised its price target on the retail giant and said it should benefit from the coronavirus pandemic as smaller retailers will likely "fold."to benefit in discretionary categories following the coronavirus as weaker retailers likely fold.