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Cowen: Amazon Will Be the No. 1 U.S. Clothing Retailer Very Soon

Macy's to lose the top spot by 2017
Amazon: A clothing powerhouse?

Amazon: A clothing powerhouse?

Photographer: Bartek Sadowski/Bloomberg

Amazon is seeing a wave of upgrades just days before it reports quarterly earnings.

One of the firms boosting its outlook for the company is Cowen, which on Monday morning made a bold call for the online retailer.