Costco, LinkedIn Recommended; Coty Down After Buying Beauty Brands

In Friday's Analysts' Actions, TheStreet highlights Costco Wholesale (COST), Coty Inc (COTY), and LinkedIn (LNKD). Analysts at Oppenheimer upgraded warehouse retailer Costco to OUTPERFORM from PERFORM with a $160 price target, citing an appealing entry point. Wells Fargo analysts downgraded beauty company COTY to a MARKET PERFORM from an OUTPERFORM rating. The firm thinks the boost from the purchase of Procter & Gamble's (PG) 43 beauty brands may already be factored into Coty’s share price. And, Mizuho analysts initiated coverage on professional networking site LinkedIn with a BUY rating, and a $240 price target. The firm named LinkedIn its top mid-cap stock. Analysts believe LinkedIn has transformed into a major media company. TheStreet's Kurumi Fukushima reports in New York.