Amazon downgraded by Morgan Stanley

By : |February 17, 2012 0

SAN FRANCISCO, USA: 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 per cent to $176.97 in morning trading.

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