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Fly News Breaks for October 19, 2016
COST
Oct 19, 2016 | 09:46 EDT
As previously reported, Northcoast upgraded Costco to Buy from Neutral with a $175 price target. Analyst Chuck Cerankosky expects a stronger earnings improvement in 2018 and believes the performance will reflect a $5 membership increase in the US and Canada. Further, the analyst expects the board to declare another $5 per share special dividend given the company's strong cash flow and for the company to benefit from the new relationship with Visa.
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