Truist Securities Downgrades Costco Wholesale to Hold, Maintains Price Target to $873
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Costco Wholesale from Buy to Hold, while maintaining the price target at $873.
September 24, 2024 | 1:33 pm
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Truist Securities has downgraded Costco Wholesale from Buy to Hold, maintaining the price target at $873. This suggests a neutral outlook on the stock.
The downgrade from Buy to Hold by Truist Securities indicates a shift to a more neutral stance on Costco's stock, suggesting that the stock may not outperform in the short term. However, the maintained price target of $873 suggests that the analyst still sees value at the current price level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100