The Vetr crowd on Tuesday downgraded its rating for Costco Wholesale Corporation (NASDAQ: COST) from the stock's previous rating of 3.5 stars (Buy), issued three days ago, to 3 stars (Hold). Crowd sentiment for Costco at the time of the downgrade was generally positive, with 66 percent of Vetr user ratings bullish.
The big-box retailer remains on a rally and continues to threaten new highs even as the rest of retail remains stagnant. Much of the gains in share price comes off of solid same-store sales data reported at the start of the month, up 4 percent in April, as well as a strong earnings beat delivered May 25. The retailer closed out the May 30 trading day at $178.92, about $3.50 shy of its all-time high set near the start of the month.
Learn how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average target price for Costco is up at $182.09, which is above the average analyst target price of $179.26. Less than 2 percent of Vetr users are holding Costco in their watch-lists.
Latest Ratings for COST
| May 2017 | Gordon Haskett | Initiates Coverage On | Accumulate | |
| Apr 2017 | Barclays | Upgrades | Equal-Weight | Overweight |
| Apr 2017 | BMO Capital | Maintains | Outperform |
View More Analyst Ratings for COST
View the Latest Analyst Ratings
See more from Benzinga
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.