Today's charts: Costco earnings on tap; Netflix raises prices; Coach gets downgraded; analyst says buy Microsoft

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Costco earnings on tap

Costco (COST) is scheduled to report its fiscal fourth-quarter earnings after the bell today. Analysts are expecting earnings per share of $2.02 on revenue of $41.55 billion. The big question on Wall Street is whether Amazon’s blockbuster deal to buy Whole Foods is luring customers away from Costco. The warehouse retailer reported a 10% year-over-year increase in sales in August. Costco shares are up 3.7% so far this year.

Coach gets slapped with a downgrade

Coach (COH) is under pressure after Piper Jaffray downgraded the stock to neutral from overweight. Analyst Erinn Murphy wrote in a note to clients that she wants to wait and see how Coach’s $2.4 billion acquisition of Kate Spade plays out in the future. Coach’s stock has fallen nearly 16% over the past three months.

Canaccord Genuity upgrades Microsoft

Canaccord Genuity raised its rating on Microsoft (MSFT) to buy from hold and said it sees the stock hitting $120 a share by 2020. Analysts Richard Davis and David Hynes argue that Wall Street’s underestimating potential growth of Office, gaming, marketing and Azure’s PaaS. In the short term, Canaccord Genuity raised its price target on the stock to $86. Microsoft shares have jumped 21% so far this year.

Netflix raises prices again

Netflix (NFLX) announced that it’s raising prices for its most popular U.S. streaming service by 10%. The company announced the price of its plan, which allows users to view Netflix in high definition on two screens simultaneously, will rise from $9.99 a month to $10.99. Netflix also announced its premium level service, where users can watch in 4K and stream on four screens simultaneously, will increase from $11.99 to $13.99 a month. Netflix shares are up nearly 55% since January 1.

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