Analysts are turning on Costco (NASDAQ: COST), concerned that the longtime market darling is finally vulnerable following’s (NASDAQ: AMZN) news-rattling announcement, late last week, that it would be acquiring Whole Foods Market (NASDAQ: WFM) in a $13.7 billion all-cash deal.Costco stock was downgraded by Paul Trussell at Deutsche Bank on Monday morning, following a similar move on Friday by Matthew Fassler at Goldman Sachs. Major Wall Street pros downgrading a stock on back-to-back trading days is never pretty, and there are more boo birds chiming in. Analysts at RBC Capital and Cowen, while not effectively downgrading the warehouse-club giant, did single out Costco as a potential casualty in Amazon’s big push into physical retail of groceries.Image source: Costco.Continue reading
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