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Fly News Breaks for January 21, 2020
DG, COST
Jan 21, 2020 | 11:13 EDT
As previously reported before the market open, Oppenheimer analyst Rupesh Parikh upgraded Costco (COST) to Outperform from Perform with a price target of $335, up from $300. The analyst also re-established the stock as a top pick, while noting that recent underperformance creates an attractive entry point. As he looks to the balance of 2020, Parikh overall sees a muted upside outlook for his food retailing universe, but believes Costco and Dollar General (DG) can deliver outsized gains versus peers in this backdrop.
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