Analysts: Buy Costco on Weakness and 3 More Research Notes to Look Over
Costco Wholesale (NASDAQ:COST): Deutsche Bank recommends buying shares of Costco on any weakness, following the company’s fourth quarter earnings miss. The firm believes that Costco’s outlook looks better than the majority of retail, and therefore keeps a Buy rating on the name, despite lowering its price target to $119 from $121.
Michael Kors (NYSE:KORS): Piper Jaffray has upgraded Michael Kors to Overweight from Neutral after the firm’s teen survey pointed to a large increase in mind share for the company across handbags, watches, and jewelry. Piper also raised its price target for shares to $90 from $73.
EOG Resources (NYSE:EOG): EOG Reseources has been upgraded to Outperform from Neutral at Credit Suisse due to improving rates in at the Eagle Ford, Bakken, and emerging Delaware Basin locations. The price target on the shares was raised to $210 from $175.
Halliburton (NYSE:HAL): Raymond James has upgraded Halliburton to Outperform from Market Perform, as the firm continues to be bullish on Halliburton’s 2014 North American E&P capex, the upcoming Analyst day, and a potential international turnaround. It has a price target of $63 on the shares.
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