Redburn Atlantic Downgrades Costco Wholesale to Neutral, Raises Price Target to $890
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic has downgraded Costco Wholesale from Buy to Neutral, while raising the price target from $860 to $890.
September 10, 2024 | 10:06 am
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NEUTRAL IMPACT
Redburn Atlantic downgraded Costco Wholesale from Buy to Neutral, but increased the price target from $860 to $890, indicating a mixed outlook.
The downgrade from Buy to Neutral suggests a less optimistic view on Costco's stock performance, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $890 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100