Amazon target boosted

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    Here’s Citi, out Friday:

    We are increasing our 12-month price target to $1,400 from $1,250 primarily due to a roll-forward of the calendar in our DCF-based valuation model and lowering our tax rates to reflect the tax reform (see Figure 1). Our 2018E+ EPS forecasts are also updated to reflect the lower tax rate.

    `Amzn

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