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Amazon gets rare negative call as Morgan Stanley cuts price target, citing rising wages

A worker sits on a wall dividing an informal settlement from the new Amazon fulfillment center, which is under construction at RMSG Alamar Industrial Park, in Tijuana, Mexico September 7, 2021.
Jorge Duenes | Reuters

Amazon faces profit pressures due to rising wages, Morgan Stanley said in a rare negative note for the online retail giant.

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