Market Overview

Vetr Issues Downgrade To Hold On Costco


The Vetr crowd on Tuesday downgraded its rating for Costco Wholesale Corporation (NASDAQ: COST) from the stock's previous rating of 3.5 stars (Buy), issued three days ago, to 3 stars (Hold). Crowd sentiment for Costco at the time of the downgrade was generally positive, with 66 percent of Vetr user ratings bullish.

The big-box retailer remains on a rally and continues to threaten new highs even as the rest of retail remains stagnant. Much of the gains in share price comes off of solid same-store sales data reported at the start of the month, up 4 percent in April, as well as a strong earnings beat delivered May 25. The retailer closed out the May 30 trading day at $178.92, about $3.50 shy of its all-time high set near the start of the month.

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Currently, the Vetr crowd's average target price for Costco is up at $182.09, which is above the average analyst target price of $179.26. Less than 2 percent of Vetr users are holding Costco in their watch-lists.

Latest Ratings for COST

Aug 2020Raymond JamesMaintainsOutperform
Aug 2020StifelMaintainsBuy
Aug 2020CitigroupMaintainsNeutral

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Posted-In: VetrEarnings Upgrades Price Target Retail Sales Crowdsourcing Markets Analyst Ratings

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