SAN FRANCISCO (MarketWatch) -- Amazon.com Inc. (AMZN) shares climbed more than 4%, to $324.05 Friday as UBS analyst Eric Sheridan raised his rating on the company to buy from neutral. In a research note, Sheridan cited factors such as expectations for revenue growth increasing in the fourth quarter and beyond, as well international expansion of its Kindle ecosystem and its "underappreciated advertising business." Sheridan also raised his price target on Amazon's stock to $385 a share from $305.
-Rex Crum; 415-439-6400; AskNewswires@dowjones.com
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10-18-13 1142ETCopyright (c) 2013 Dow Jones & Company, Inc.
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