Markets

Consumer Sector Update for 09/16/2016: AMZN

Top Consumer Shares:

WMT: +0.1%

MCD: -0.4%

DIS: -0.2%

CVS: +0.5%

KO: flat

GE: -0.1%

Consumer shares were mainly lower ahead of the opening bell on Friday.

In consumer stocks news, Amazon.com ( AMZN ) received a significant increase in its price target Friday to $1,000 per share from $840 from RBC Capital Markets, which reported encouraging results from an online consumer survey and said the online retailer's fundamentals "have never been stronger."

Shares in Amazon were 0.6% higher at $774.412 pre-bell. The stock has traded between $474 and $790.79 over the past 52 weeks.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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