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Pastimes : Analysts Exposed- Jamie Kiggen (DLJ)

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To: Brasco One who wrote (163)1/9/2001 12:55:05 PM
From: H James Morris   of 263
 
Kiggens new Amzn price target.
>NEW YORK (Reuters) - Credit Suisse First Boston said on Tuesday that it had cut its 12-month price target for online retailer Amazon.com Inc. (NASDAQ:AMZN) to $45 to $60 after the company said its fourth quarter sales would be at the low end of forecasts.

CSFB sid it was reducing its 2001 revenue estimate to $3.7 billion from $4.1 billion.

The company said on Monday its fourth quarter revenues would exceed $960 million. In pre-open trade Tuesday, the company's shares ticked up to $15 from a Monday close of $14-15/16.
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