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Fly News Breaks for May 3, 2016
COST
May 3, 2016 | 07:44 EDT
As noted earlier, RBC Capital initiated Costco with a $169 price target and Outperform rating. The firm says that the company's membership fees provide it with "a growing, high margin revenue stream," while it has " some of the best/most consistent customer traffic growth in all of retail." RBC adds that its subsidized prices differentiate it from its competitors.
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