Amazon's regional fulfillment center transition could drive more than 30% upside for shares, according to Wells Fargo.
Amazon 's regional fulfillment center transition could drive more than 30% upside for shares, according to Wells Fargo. Analyst Ken Gawrelski initiated coverage of the e-commerce giant with an overweight rating, saying that Wall Street is underestimating the "pace and magnitude" of improved shipping and fulfillment efficiencies at Amazon and recent comments made by CEO Andy Jassy at its annual meeting.
mountain Amazon shares in 2023 The comments show that the "regional FC model is already having a meaningful impact to fulfillment and shipping efficiency," Gawrelski wrote. "We believe annualized fuel and labor savings may have already reached $6.5B, 30% of 2023 consensus [operating income]." He placed a $159 price target on shares, implying more than 31% upside from Wednesday's closing price. Amazon has surged more than 44% so far in 2023.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SF office building finally finds buyer, sells for far below askingIt's less than half of what owner Wells Fargo paid for the building in 2005.
Leer más »
Jimmy Carter’s photographer hopes to share 30 years of memories through documentary“I guess if the old saying, one picture is worth a thousand words, I guess with all my photographs, it’s worth a million,” said Charles Plant, Jimmy Carter’s former photographer.
Leer más »
Central Pa. county issues 30-day burn banThe ban began on Monday.
Leer más »
NCT's Taeyong reaches #1 on iTunes top album charts in 30 regions | allkpopNCT's Taeyong first mini-album 'SHALALA', which was released on June 5 KST, has conquered iTunes album charts in 30 count…
Leer más »
30-year-old man dies in shooting on Cleveland’s West SideThe Cuyahoga County Medical Examiner identified the victim as Billy Legrone, of Cleveland.
Leer más »
2024 Mazda3, CX-30, and CX-5 get distinctive Carbon Turbo editionNew for 2024, the Carbon Turbo package gives the Mazda3, CX-30, and CX-5 a distinctive look with Zircon Sand Metallic paint and a terracotta interior.
Leer más »