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Fly News Breaks for August 21, 2018
COST
Aug 21, 2018 | 07:26 EDT
Oppenheimer analyst Rupesh Parikh raised his price target for Costco to $250 from $210 as he believes it remains best positioned in our entire food and grocery coverage to deliver sustainable top- and bottom-line performance. Ongoing market share gains in the grocery category coupled with continued momentum in the company's more discretionary offerings in a still strong consumer backdrop should help to sustain a mid-single-digit type comp trajectory, he contends. Parikh reiterates an Outperform rating on the shares.
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