UPDATE: Deutsche Bank's Costco Wholesale Downgrade, April SSS "OK"
Deutsche Bank downgraded Costco Wholesale (NASDAQ: COST) from Buy to Hold in a research report published today.
In the report, Deutsche Bank stated, "All in, the result looked solid, but signs of a slowdown in the U.S. reinforce our move earlier this week to downgrade the stock to Hold from Buy."
Shares of Costco Wholesale closed Tuesday at $86.64, down 0.38 from Wednesday's market close.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.