Information Provided By: 
Fly News Breaks for August 8, 2018
COST
Aug 8, 2018 | 19:37 EDT
Baird analyst Peter Benedict kept his Outperform rating and $230 price target on Costco after its July comps growth of 8.3% exceeded consensus of 7.4%. The analyst notes that while the two-year trends have shown some slight deceleration, underlying traffic trends remain solid. Benedict further states that Costco is a "durable growth staple", even though its valuation of 29-times next-twelve-month earnings is slightly above its historical 3-year average of 26.5-times.
News For COST From the Last 2 Days
