(Bloomberg) — One analyst isn’t convinced that Amazon.com Inc. is scuttling plans to open a second headquarters in New York City.

“On first blush, we believe Amazon may be bluffing,” wrote Tom Forte, an analyst at DA Davidson, who has a Street-high price target of $2,450. Rather, the announcement may serve “as a means to get the government back to the table.”

Shares of Amazon rose 0.5 percent in pre-market trading. On Thursday, the stock dipped 1.1

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