Sunday, May 4, 2014

Sean Cramer's Mad Dash: AMZN KORS

NEW YORK (TheStreet) -- Oppenheimer reared its price target on Amazon . com site (AMZN) to $455 from $440. The analyst says the stock does have underperformed but has positive near future catalysts.  

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TheStreet's Jim Cramer, co-manager of the Action Alerts OR MORE portfolio, disagreed slightly, saying an stock has merely underperformed an broader market for a very little while of time.  

He said their decision to raise the price of its Finest membership should help increase revenue with its new video streaming service might just do well, too.  

Cramer assentatious with Oppenheimer that the stock's old valuation is reasonable, historically conversing in. In fact , if investors were to person together the unprofitable, high-growth enterprises, Amazon would be the cheapest.  

Embracing Michael Kors iPad mini case (KORS), Barclay's opened up coverage of the stock with a deliver rating and an $85 offering target. Cramer said the limit will "take the Street by surprise" since "this is the momentum merchant everyone has been behind. " 

This individual said "Kors is a great story" then again "it's moved too much for me. in Instead, Cramer prefers PVH Corp. (PVH) or G-III Apparel Sector (GIII).  

-- Written by Bret Kenwell in Petoskey, Mich.

In the course of publication, Cramer's Action Alerts OR MORE had no position in enterprises mentioned.

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