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Amazon.com (AMZN) stock rose Monday after the e-commerce leader received a pair of positive analyst reports. ISI Group analyst Greg Melich upgraded Amazon stock to strong buy from buy and set a price target of 430. In morning trading, Amazon was up 1.3%, near 389, in the stock market today. Amazon stock, which touched an all-time high of 399 on Dec. 2, is up 55% in 2014, with an IBD Relative Strength Rating of 90. Melich cited growth in Amazon’s Scalper1 News
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