This morning, UBS reduced its price target on shares of Costco (NASDAQ:COST) to $123 as the big box retailer is seeing headwinds from fuel sales. In the report, UBS reduced its EPS estimates and maintained its neutral rating. Shares of Costco were modestly higher on Thursday, gaining 0.2% today.
Citigroup lowered its EPS estimates on shares of Ralph Lauren (NYSE:RL) as costs are increasing. In the report, Citigroup maintained its buy rating and set a $204 price target. Shares of Ralph Lauren were also trading higher today, picking up 0.5% so far.
And RBC Capital downgraded shares of Oracle (NYSE:ORCL) from outperform to sector perform citing valuation. The stock is approaching the firm's $35 price target creating a less favorable risk/reward profile for investors. Shares of Oracle were lower by 2.6% on Thursday.
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