Amazon’s growing India business is worth $16 billion, Citi says [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
Citi Research reiterates its buy rating for Amazon shares, predicting strong growth for its international businesses. In short, not only do we believe that investors continue to under-estimate the value of Amazon's existing Emerging International Retail Markets businesses, but also the pace and value of its recent international expansion efforts, the firm says. At a valuation of $16 billion, that makes the India business worth more than 170 companies in the S&P 500 including Clorox, Macy's and Tiffany & Co. Published 54 Mins Ago Updated 16 Mins Ago CNBC.com
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