Amazon Stock Could Grow 10% From Apparel Business

Wells Fargo ups price target to $1,755 on ‘Long Runway’

Amazon has already devastated retailers in almost every category, including apparel, but there’s still upside according to Wells Fargo analyst Ken Sena.  Publicizing a survey Wells Fargo conducted, respondents suggested their Amazon apparel shopping habit was just getting started.  “76% of respondents used Amazon for just 40% of their clothes shopping” leaving much more opportunity for the behemoth to continue to eat into retailer business.

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