Baird analyst Colin Sebastian maintains Amazon.com (NASDAQ:AMZN) with a Outperform and lowers the price target from $150 to $130.
Housing Market Bottoms Out Per JPMorgan’s Initiation Of Redfin, Zillow
Last summer, Federal Reserve chair Jerome Powell laid out a plan to reset the U.S. housing market, which has been putting the squeeze on aspiring homeowners.
How? By increasing interest rates, and subsequently spiking mortgage rates.