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COST

Costco

08:45
10/06/17
10/06
08:45
10/06/17
08:45

Costco downgraded to Equal Weight from Overweight at Morgan Stanley

  • 19

    Oct

COST Costco

10/06/17
RBCM
10/06/17
NO CHANGE
Target $190
RBCM
Outperform
Costco has some of the best traffic growth in retail, says RBC Capital
RBC Capital analyst Scot Ciccarelli said Costco reported better than expected Q4 results as total comps increased 5.7% versus his 5.3% estimate and consensus of 5.1%, while gross margin pressures were largely offset by expense leverage. Despite investors fears regarding risk from e-commerce, the analyst said Costco continues to have some of the best traffic growth in retail and is gaining traction from its own e-commerce initiates. Ciccarelli said he remains a buyer of Costo and increased his price target on shares to $190 from $184 and reiterated his Outperform rating on shares.
10/06/17
BARD
10/06/17
NO CHANGE
Target $200
BARD
Outperform
Any post-earnings pullback in Costco provides a buying opportunity, says Baird
Baird analyst Peter Benedict noted Costco reported better than expected Q4 earnings and said it remains a compelling growth staple idea with its healthy fundamentals and an improved valuation profile. The analyst said any pullback in Costco share would be a good buying opportunity and shares look attractive at current levels. Benedict reiterated his Outperform rating and $200 price target on Costco shares.
10/06/17
UBSW
10/06/17
NO CHANGE
Target $190
UBSW
Buy
Costco solid growth prospects support premium valuation, says UBS
UBS analyst Michael Lasser noted Costco reported better than expected Q4 earnings and he believes eventually the bear thesis will fatigue as the company continues to put up solid numbers. The analyst said gross margins remained solid as did September sales. Lasser said Costco's solid growth prospects support its premium valuation. Lasser reiterated his Buy rating and $190 price target on Costco shares.
10/06/17
DBAB
10/06/17
NO CHANGE
Target $155
DBAB
Hold
Costco price target lowered to $155 from $172 at Deutsche Bank
Deutsche Bank analyst Paul Trussell lowered his price target for Costco to $155 citing membership concerns. Visibility on member growth and renewal rates is reduced given the softness reported in recent quarters and increased competition across the grocery sector, Trussell tells investors in a research note. He keeps a Hold rating on Costco.

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