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Costco shares are moving higher after Deutsche Bank upgraded the stock to a 'Buy' rating.
BRIAN SOZZI: Now, another stock we're watching here this morning is Costco, which got an upgrade to buy from Deutsche Bank's Krisztina Katai. Says Katai, Costco is one of the most consistent operators in our group. And its steady traffic gains and high membership renewal rates serve as key differentiators in an increasingly uncertain backdrop. Recent monthly sales results point to consumers trading into the club channel. And the company's fast inventory turns should help insulate it somewhat from inventory challenges currently faced by other retailers. The analyst has a $579 price target on Costco shares.