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Fly News Breaks for August 31, 2017
GRPN, COST
Aug 31, 2017 | 07:27 EDT
UBS analyst Michael Lasser noted Costco (COST) reported better than expected August comps attributed to its Living Social and Groupon (GRPN) promotions as well as from food reflation. The analyst said the tailwinds should continue for a couple of months and said its results should serve as a reminder about the strength of its business model. Lasser reiterated his Buy rating and $190 price target on Costco shares.
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