Deutsche Bank Upgrades Costco Wholesale (COST) to Buy; Highlights From Encouraging HQ Visit

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Deutsche Bank upgraded Costco Wholesale (NASDAQ: COST) from Hold to Buy with a price target of $107.00.

Deutsche analyst said, "The combination of (1) healthy SSS trends (led by traffic); (2) multiple EBIT margin drivers, including the cycling of LY’s offensive price investments; (3) an acceleration in club growth; & (4) multiple layers of EPS cushion (Mexico/debt paydown/MFI/buybacks)– give us more confidence that Costco can play offense and defense at the same time – a unique set-up in retail today."

For an analyst ratings summary and ratings history on Costco Wholesale click here. For more ratings news on Costco Wholesale click here.

Shares of Costco Wholesale closed at $91.32 yesterday, with a 52 week range of $70.22-$92.67.

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