Goldman Sachs On Top Retail Picks Amid Consumer Financial Concerns: Dollar Tree, Ollie's Bargain And More
Portfolio Pulse from Nabaparna Bhattacharya
Goldman Sachs analyst Kate McShane has upgraded Dollar Tree (DLTR) and Ollie's Bargain Outlet (OLLI) to Buy from Neutral, while downgrading BJ's Wholesale Club (BJ) and National Vision Holdings (EYE) to Neutral from Buy. The upgrades are based on strong earnings growth potential and attractive valuations, while the downgrades are due to limited earnings upside and ongoing challenges.

October 17, 2023 | 6:36 pm
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NEGATIVE IMPACT
Goldman Sachs downgraded BJ's Wholesale Club to Neutral from Buy, citing limited earnings upside.
The downgrade is based on the analyst's negative outlook on the company's earnings upside, which could drive the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs downgraded National Vision Holdings to Neutral from Buy, citing ongoing challenges.
The downgrade is based on the analyst's negative outlook on the company's ongoing challenges, which could drive the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs upgraded Dollar Tree to Buy from Neutral, citing solid earnings growth potential.
The upgrade is based on the analyst's positive outlook on the company's earnings growth potential, which could drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Goldman Sachs upgraded Ollie's Bargain Outlet to Buy from Neutral, citing the company's growing scale and attractive valuation.
The upgrade is based on the analyst's positive outlook on the company's growing scale and attractive valuation, which could drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100