Costco Makes New All-Time High And Retreats

Costco Wholesale Corporation COST shares are trading higher by $3.40 at $164.59 in Thursday's session. The catalyst for the rally is an upgrade at Deutsche Bank from Hold to Buy with a price target increase from $152 to $200. After a higher open, it retreated to $163.31 before resuming its move higher. The ensuing rally took the issue all the way to $166.10 before some profit-takers arrived. It has driven the back into the $164 handle, but it is still poised to improve on its former all-time closing high of $163.45.