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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 07:53 EDT
Cowen analyst Oliver Chen recommended three retail stocks to buy amidst the market pullback. The analyst recommended Walmart (WMT) for its leading grocery share and digital innovation, Costco (COST) due to its global traffic driving low-cost and high value warehouse assortment, and Planet Fitness (PLNT) based on its valuation pullback yet superior affordability and global unit growth potential. Chen has an Outperform rating and $140 price target on Walmart, he rates Costco Outperform with a $350 price target, and Planet Fitness an Outperform with a $95 price target .