Here are the biggest calls on Wall Street on Wednesday.
Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Costco as overweight The firm says membership card scanner rollouts is a "Netflix moment" for Costco. " Costco's ongoing roll-out of membership card scanners at its U.S. clubs could soon deliver a Netflix moment. Our channel checks suggest membership counts at selected Costco locations, following implementation of the scanners, is rising by double digits.
upside w/ signs of improving fundamentals & ramping inventory selection." Morgan Stanley reiterates General Motors as underweight Morgan Stanley raised its price target to $46 per share from $42 but says it's sticking with its underweight rating following GM's earnings. " GM's strong 3Q, raised outlook and confident share repurchase commentary helps re-rate the company, continuing the stock's run as the best house on a rough block.
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