/// Amazon Shares Hit Fresh High on Morgan Stanley Upgrade

January 7, 2013  |  All Things Digital

Shares of Amazon.com Inc. hit fresh all-time highs Monday after a Morgan Stanley upgrade boosted sentiment surrounding the online retailer. Th firm cited Amazon’s growing network used to fulfill orders on the retail site, and raised estimates for 2016 sales to $166 billion from $145 billion. That will come as Amazon’s share of global merchandise volume, or total sales, will rise to 23.5 percent by 2016 from 14 percent last year, the firm wrote. Read the rest of this post on the original site »

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Amazon Shares Hit Fresh High on Morgan Stanley Upgrade


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