Wedbush analyst Michael Pachter reiterated Amazon.com Inc (NASDAQ: AMZN) with an Outperform and a $180 price target.
The Federal Trade Commission is reportedly preparing to file an antitrust lawsuit against Amazon, likely to hit by September.
According to recent media reports, the case will focus on several aspects of the Amazon marketplace and may suggest structural remedies that could result in a company breakup.
However, the analyst thinks an outcome that materially alters the structure of the business is unlikely as the historical application of antitrust legislation over the past half-century has largely favored businesses that improve consumer welfare.
Further, he believes there is evidence that U.S. retail continues to function as a highly ...