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Fly News Breaks for January 20, 2017
COST
Jan 20, 2017 | 07:15 EDT
Stifel analyst Mark Astrachan resumed coverage of Costco with a Buy rating and a $185 price target. The analyst expects the company's comp sales to rise, driven partly by macro trends, favorable comparisons, and an anticipated membership fee increase. He expects the company's operating profit growth to accelerate and predicts that its multiple will rise modestly.
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