UBS puts the brakes on with Costco

|About: Costco Wholesale Corporation (COST)|By:, SA News Editor

UBS downgrades Costco (COST) to a Neutral rating from Buy on valuation concerns.

Shares of Costco have run up 25% YTD to trade with a forward price-earnings ratio higher than peers, although the retailer's comparable store sales growth still outpaces the group.