Grocery stocks are under pressure after Amazon (AMZN) reiterated its push into online grocery and Whole Foods expansion, raising concerns around competitive intensity, particularly in urban markets, Mizuho tells investors in a research note. Outperform-rated Walmart (WMT) appears most exposed near-term, while Outperform-rated Costco (COST) should see limited impact given its bulk-focused model and lower dependence on online grocery, the firm says.
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