Roberston Stephens Cuts Rating on Amazon.com to Market Perform

Even in a dramatically reduced competitive environment, Amazon struggled to achieve its targets, says the firm's analyst

Online retailer Amazon.com (AMZN ) pre-announced Q4 results, with revenues coming in at the low end of the company's range of guidance. Robertson Stephens downgraded its investment rating on the shares to market perform.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.