This article first appeared on GuruFocus. Amazon (NASDAQ:AMZN) shares climbed 1% in morning trading after Phillip Securities raised its rating on the company to Buy from Accumulate, pointing to improving demand visibility across its businesses.Analyst [url="]Helena [/url]Wang assigned a $330 price target, representing potential upside of 37% from the previous closing price. The revised assessment reflects expectations that demand will support Amazon's ongoing investment plans. Warning! GuruFocus has detected 4 Warning Signs with AMZN. Is AMZN fairly valued? Test your thesis with our free DCF calculator. Wang said the company's spending on infrastructure and other growth initiatives could reinforce its competitive position over the longer term.
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