U.S. Markets open in 9 hrs 2 mins
  • S&P Futures

    4,272.00
    -9.00 (-0.21%)
     
  • Dow Futures

    33,653.00
    -65.00 (-0.19%)
     
  • Nasdaq Futures

    13,544.00
    -33.75 (-0.25%)
     
  • Russell 2000 Futures

    2,011.90
    -5.00 (-0.25%)
     
  • Crude Oil

    91.26
    -0.83 (-0.90%)
     
  • Gold

    1,798.00
    -0.60 (-0.03%)
     
  • Silver

    20.60
    -0.09 (-0.45%)
     
  • EUR/USD

    1.0256
    -0.0001 (-0.0103%)
     
  • 10-Yr Bond

    2.8490
    -2.8880 (-100.00%)
     
  • Vix

    19.53
    -20.20 (-100.00%)
     
  • GBP/USD

    1.2123
    -0.0016 (-0.1285%)
     
  • USD/JPY

    133.1930
    -0.2870 (-0.2150%)
     
  • BTC-USD

    24,799.90
    +179.48 (+0.73%)
     
  • CMC Crypto 200

    591.17
    +19.88 (+3.48%)
     
  • FTSE 100

    7,500.89
    +34.98 (+0.47%)
     
  • Nikkei 225

    28,879.55
    +332.57 (+1.16%)
     
  • Oops!
    Something went wrong.
    Please try again later.

Deutsche Bank upgrades Costco to ‘Buy’ rating

In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Costco shares are moving higher after Deutsche Bank upgraded the stock to a 'Buy' rating.

Video Transcript

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.