Loop Capital analyst Laura Champine raised her price target on Costco to $230 and kept her Buy rating following her meetings with regional and store managers in California last week. The analyst says the visit was a part of a broader bus tour focused on the consumer sector, and Costco showed "clearly the best traffic trends and store assortment among the retailers we visited." While Champine anticipates only incremental sales from the company's e-commerce initiative, she cites the "slightly higher" store count as the key driver of growing membership fees over the long term. For FY19, the analyst also models EPS of $8.01, which is ahead of the current $7.69 consensus.