Ratings Insider - Upgrades/Downgrades

Rating Du Jour

July 10, 2015 - Oppenheimer upgraded Costco Wholesale (NASDAQ: COST) from Perform to Outperform with a price target of $160. Analyst Brian Nagel noted recent underperformance vs the S&P 500 and other Hardlines. He also called the company one of the world's best-run and most powerful retail chains and said its premium valuation reflects "operational prowess."

"Valuation and lack of a catalyst have kept us on the sidelines with COST despite the chain's operating prowess. We now see an opportunity in shares for intermediate to longer term-oriented investors. COST has underperformed lately amid modest EPS disruptions and a flow of funds from staples-related names," said Nagel.