Cantor Fitzgerald maintained its positive long-term view on Amazon.com (AMZN) by reiterating an 'Overweight' rating, even as the firm adjusted its price target down to $260 from $315.
- Amazon shares gained 1.11%, closing at $244.24, suggesting investor confidence defied a broader tech sector pullback.
- The price target adjustment reflects a revised valuation outlook, but the firm maintains a positive long-term view for the e-commerce giant.