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Why Amazon Stock Dropped Early Today

TheMotleyFool

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Amazon (NASDAQ: AMZN) stock slipped 2.7% through 10:20 a.m. ET Monday morning after Wells Fargo analyst Ken Gawrelski downgraded the stock from overweight to equal weight (i.e., from buy to hold).

Gawrelski also cut his price target on the e-commerce giant to $183 -- just a couple of dollars above where it trades this morning.

What's worrying Gawrelski about Amazon stock, which has outperformed the S&P 500 by more than 13 points over the past 52 weeks?

Source Fool.com

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