Amazon.com Inc received a rare “underperform” rating from BNP Paribas Exane on Wednesday, with the French brokerage saying the e-commerce giant faces a bumpy ride ahead due to surging inflation and higher expenses. Analyst Stefan Slowinski said investments during the COVID-19 pandemic to build fulfillment centers for faster deliveries and employee bonuses to keep its warehouses staffed in a tight U.S. labor market may eat into the company’s margins. He added that capital expenditure could grow in the mid-teens, initiating with a price target of $2,800. Amazon’s shares were down about 1 percent at $3,354 in early trading in a weak broader market. Of the 58 brokerages covering Amazon, 20 rate the stock “strong buy,” 36 “buy,” one “hold” and one “sell,” according to Refinitiv data. The median price target is $4,000. Amazon boomed during the pandemic as consumers were highly dependent on online shopping for everyday essentials, but those shoppers …