On July 1st, Guo Lianhui reported that Bank of America's research report pointed out that Amazon has built a logistics center, expecting to deliver more than 9 billion goods globally this year. It currently has the potential to surpass United Parcel Service and become the largest carrier in the United States. Delivery speed has also improved significantly, with nearly 25% of expected goods being delivered on the same day or the next day. Although efficiency is expected to improve significantly by 2023, the company is still below 2018 levels in Bank of America's five major logistics indicators, reflecting room for efficiency improvement. The bank raised the company's target price from $210 to $220 and it is still the first choice among the four major technology stocks, commonly known as FANG, and reaffirmed the "buy" rating.
大行评级｜美银：上调亚马逊目标价至220美元 仍是FANG中的首选
Major bank rating: Bank of America Merrill Lynch raises Amazon target price to $220, still the first choice among FANG.
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