Wall Street Investors: Costco Gets Downgraded:

Friday, June 17, 2011

Costco Gets Downgraded:

Costco Wholesale (COST) the membership based, retail giant has just recently been downgraded from positive to nuetral by the S&P and analysts at Goldman Sachs have also downgraded the stock with a bleak outlook in the retail sector. However, this downgrade comes as a surprise since Costco has beaten its rev's consensus from Thomas Reuter by $.03 and Q3 earnings beat projections. It could possibly be a bumpy road ahead for its stock holders. Costco may still be able to withstand the "downgrade" and remain strong. Click here for more on Costco.

Analyst Research from Etrade.com