According to Deutsche Bank, Costco makes sense for investors and consumers in times of economic turmoil. Analyst Krysztina Katai upgraded the retail stock from hold to buy, saying in a note to clients that Costco is poised to outperform its peers. “Cost is one of the most consistent operators in our group, and its steady traffic mileage and high membership renewal rates serve as key differentiators in an increasingly uncertain background,” Katai wrote. Costco’s annual membership fee sets it apart from many other retail and grocery chains, giving it another source of revenue. In an interview with CNBC’s “Squawk on the Street” on Monday, Costco CEO Craig Jelinek said an increase in membership fees was “not on the table.” According to Deutsche Bank, with stable fees, investors can use Costco to help offset the effects of inflation. “We see meaningful share gains for COST as consumers increasingly flock to warehouse clubs to consolidate trips, shop in bulk for better pricing, and fill their cars with lower-priced gas,” Katai said. wrote. Deutsche Bank raised its price target for Costco from $525 to $579 per share. Where the stock closed on Wednesday, the new target is more than 17 percent. The stock is down 13% year to date. — CNBC’s Michael Bloom contributed to this report.