US Top Rating Updates on 12/6: WMT, COST, JPM, GE and More
![US Top Rating Updates on 12/6: WMT, COST, JPM, GE and More](https://ussnsimg.moomoo.com/491208732852853177.png/bigmoo)
Estee Lauder Upgraded to Buy From Hold at Deutsche Bank
Deutsche Bank analyst Steve Powers upgraded $Estee Lauder (EL.US)$ to Buy from Hold with a price target of $266, up from $209. The analyst sees increased likelihood of China reopening by the start of Estee's fiscal 2024 and has increased confidence in its makeup margin expansion.
Kimberly-Clark Downgraded to Sell from Hold at Deutsche Bank
Deutsche Bank analyst Steve Powers downgraded $Kimberly-Clark (KMB.US)$ to Sell from Hold with a price target of $123, up from $120. The analyst believes Kimberly-Clark is managing its business well but sees its operating environment turning increasingly challenging.
Costco Initiated With an Outperform at Bernstein
Bernstein analyst Dean Rosenblum initiated coverage of $Costco (COST.US)$ with an Outperform rating and $586 price target. The analyst is "cautiously bullish" on the U.S. hardlines / broadlines retail sector. Long-term fundamentals "remain sound," and both the grocery and home improvement subsectors are "surprisingly well-insulated" from e-commerce encroachment, Rosenblum tells investors in a research note.
Source: Seeking Alpha, The Fly
Disclaimer: The content should not be relied on as advice or recommendation.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment