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Fly News Breaks for October 16, 2019
COST
Oct 16, 2019 | 07:47 EDT
Northcoast analyst Chuck Cerankosky downgraded Costco Wholesale to Neutral from Buy citing valuation. The analyst, who raised his estimates and expects the retailer to continue posting "strong" results, views Costco's current valuation as fair. He notes the stock currently trades at 31.5 times his estimated fiscal 2021 earnings.
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