J.P. Morgan Downgrades Costco (COST) to Neutral
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J.P. Morgan downgrades Costco (Nasdaq: COST) from Overweight to Neutral.
Costco Wholesale Corporation (Costco) operates membership warehouses based on the concept that offering its members very low prices on a limited selection of nationally branded and selected private-label products in a range of merchandise categories will produce high sales volumes and rapid inventory turnover.
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