Costco's Epic Rally Prompts Analyst Downgrade
There's a lot to like about shares of warehouse club Costco (NASDAQ: COST), but a sky-high valuation has one analyst taking a step back.
Analyst Rupesh Parikh at Oppenheimer lowered his rating on Costco stock from outperform to perform on Wednesday morning, citing an epic 45% rally in 2019. Parikh sees limited upside potential given the stock's recent performance, although he continues to view Costco's long-term prospects favorably.
Image source: Costco.
Source Fool.com
