Analyst Anthony DiClemente raised his price target for the shares to $1,990, predicting Amazon Web Services’ profit margins will surge over the next four years.
The Dow Jones Industrial Average was lower Wednesday as investors balanced largely positive news on inflation against Chinese data and worries about Brexit.
Apple’s product-demand concerns and a cloud hanging over Goldman Sachs dampened Monday’s mood. The Trump administration is reportedly looking to broaden its trade battle with China.
Longbow Research analyst Shawn Harrison says Apple suppliers are shifting production from new iPhone models to older phones.
The discount retailer has had trouble with its acquisition, Family Dollar stores, but the decline in its shares is overdone and better days are coming.