Costco Extending Pullback After Downgrade By Deutsche Bank

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( - Extending the steep drop seen in the previous session, shares of Costco ( COST ) have moved to the downside during trading on Monday. Costco is currently down by 1.7 percent after hitting a four-month intraday low.

The continued decline by Costco comes after Deutsche Bank downgraded its rating on the warehouse retailer to Hold from Buy and lowered its price target to $172 from $187.

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Referenced Symbols: COST , DB

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