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Thursday, 16 February 2012 - Amazon downgraded by Morgan Stanley; shares fall |
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Credit: Reuters/Shannon Stapleton SAN FRANCISCO | Thu Feb 16, 2012 10:52am EST SAN FRANCISCO (Reuters) - Amazon.com Inc shares were downgraded by Morgan Stanley analysts on Thursday on concern about competition from Apple Inc and slowing sales growth. Analysts led by Scott Devitt lowered their rating on Amazon shares to "equal weight" from "overweight." Amazon's shares fell 4.1 percent to $176.97 in morning trading. (Reporting By Alistair Barr; Editing by Maureen Bavdek) Tech Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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