Evercore ISI Amazon.com (AMZN) from TAP Underperform List 'because we believe the Q3 Prime Day-related EPS risks are well enough appreciated'

Evercore ISI reiterated an Outperform rating on Amazon, maintaining a $315 price target while acknowledging Prime Day-related Q3 EPS risks. The note suggests the market is already aware of these pressures, implying limited downside from the warning and preserving a constructive view on AMZN. The article is premium-gated and does not provide the full analyst rationale, but the headline and excerpt indicate a research-driven outlook rather than a company event. The market impact is likely centered on sentiment around Amazon shares, with the call reinforcing bullish long-term expectations despite near-term earnings uncertainty tied to seasonal promotions.