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Citigroup Raises Amazon's Stock

2 Jan, 2008 By: Chris Tribbey

Amazon.com got a boost from Citigroup on Jan. 2, when the financial services company raised its rating of the online retailer from buy to hold, and raised the target price of the stock from $95 to $119.

Amazon.com, one of the leading retailers for home media product, announced Dec. 26 that it had its most successful holiday season ever, and had sold enough high-def players to cover seven football fields.

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