Costco Back To Top Pick Status At Oppenheimer Amidst Positive Retail Projections
Portfolio Pulse from Shivani Kumaresan
Oppenheimer analyst Rupesh Parikh has reiterated an Outperform rating on Costco Wholesale Corporation (NASDAQ:COST) and raised the price target from $550 to $575. Costco is back to top pick status, with an improved near-term outlook for outperformance. Other top picks include Church & Dwight Co Inc (NYSE:CHD), Chewy Inc (NYSE:CHWY), Prestige Consumer Healthcare Inc (NYSE:PBH), Ulta Beauty Inc (NASDAQ:ULTA), and Walmart Inc (NYSE:WMT).
June 05, 2023 | 5:59 pm
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Church & Dwight Co Inc (NYSE:CHD) is included in Oppenheimer analyst Rupesh Parikh's updated top picks list.
Being included in the top picks list by a reputable analyst indicates a positive outlook for the stock. However, the article does not provide specific details on the reasons behind the selection, which limits the confidence in the analysis.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Chewy Inc (NYSE:CHWY) is included in Oppenheimer analyst Rupesh Parikh's updated top picks list.
Being included in the top picks list by a reputable analyst indicates a positive outlook for the stock. However, the article does not provide specific details on the reasons behind the selection, which limits the confidence in the analysis.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oppenheimer analyst Rupesh Parikh has raised the price target for Costco from $550 to $575 and reinstated its top pick status, with an improved near-term outlook for outperformance.
The analyst's positive outlook on Costco, along with the raised price target and reinstated top pick status, indicates a strong potential for the stock to perform well in the short term. The improved near-term outlook for outperformance is based on better-than-expected bottom-line profitability and more muted buyside N-T comp expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Prestige Consumer Healthcare Inc (NYSE:PBH) is included in Oppenheimer analyst Rupesh Parikh's updated top picks list.
Being included in the top picks list by a reputable analyst indicates a positive outlook for the stock. However, the article does not provide specific details on the reasons behind the selection, which limits the confidence in the analysis.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Ulta Beauty Inc (NASDAQ:ULTA) is included in Oppenheimer analyst Rupesh Parikh's updated top picks list.
Being included in the top picks list by a reputable analyst indicates a positive outlook for the stock. However, the article does not provide specific details on the reasons behind the selection, which limits the confidence in the analysis.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Walmart Inc (NYSE:WMT) is included in Oppenheimer analyst Rupesh Parikh's updated top picks list.
Being included in the top picks list by a reputable analyst indicates a positive outlook for the stock. However, the article does not provide specific details on the reasons behind the selection, which limits the confidence in the analysis.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50