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Fly News Breaks for January 19, 2017
COST
Jan 19, 2017 | 08:45 EDT
Goldman analyst Matthew Fassler added Costco to the Conviction Buy List saying the company is on the "cusp" of an earnings acceleration aided by its credit card deal, and attractive positioning as a low-cost/low-priced operator in a challenging retail environment. Fassler said the credit card deal should drive incremental traffic given more attractive cash back incentives and sees easing food deflation headwinds and an abating drag from tobacco sales. Fassler has a $187 price target on Costco shares.
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