Deutsche Bank cautious on Costco in post-Amazon/Whole Foods world

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

Deutsche Bank lowers Costco (NASDAQ:COST) to a Hold rating after having the retailer set at Buy.

The firm calls the Amazon purchase of Whole Foods a "game changer" that threatens the Costco grocery moat and membership renewal levels.

The price target on Costco is cut by the DB team to $172 from $187.

COST -0.37% premarket to $166.50 after a 7.2% drop on Friday.