U.S. Markets open in 8 hrs 37 mins

Why Analysts Are Downgrading Costco Stock

Adrian Stevens
Why Analysts Are Downgrading Costco Stock

Costco (COST) has impressed with its financial performance so far this year. Costco’s high membership renewal rates and continued investment in pricing to widen the value gap between itself and its competitors have made it immune to the growing threat from e-commerce companies. Recently, analyst Karen Short of Barclays downgraded Costco stock to an “equal weight” from an “overweight,” citing the company’s high valuation.