Costco (COST) Is Considered a Good Investment by Brokers: Is That True?

Of the 33 recommendations that derive the current ABR, 15 are Strong Buy and four are Buy. Strong Buy and Buy respectively account for 45.5% and 12.1% of all recommendations. The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage re ...