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Financial News Network
June 09, 2011 AT 12:03 AM
Citigroup reiterated its buy rating on Amazon.com (NASDAQ:AMZN), with a $240 price target, and said that its long thesis on the company remains intact.The bank sees 2011 EPS of $2.36 and 2012 EPS of $4.68.Amazon.com has a potential upside of 8.1% based on a current price of $190.32 and an average consensus analyst price target of $205.8.