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Fly News Breaks for July 10, 2019
COST
Jul 10, 2019 | 20:36 EDT
Baird analyst Peter Benedict raised his price target on Costco to $290 and kept his Outperform rating after the company's June comps data, saying its traffic also improved sequentially by about 100bps and its underlying 2-year stack held firm. The analyst remains positive on the company and sees it as a "growth staple", as its management continues to streamline its "omni-channel capabilities" and boost its competitive position.
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