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Fly News Breaks for July 11, 2018
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Jul 11, 2018 | 18:13 EDT
Loop Capital analyst Laura Champine raised her price target on Costco to $235 and kept her Buy rating after its better than expected June sales report. Champine notes that e-commerce remained a growth driver for the company, rising 28% in June with and without the FX impact thanks to performance in the general merchandise and ancillary categories. The analyst adds that the 4.4% rise in traffic is also reflective of a healthy macro environment.
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