Costco Wholesale (COST): Expecting 3% - 5% Comps - Piper Jaffray

August 29, 2016 6:33 AM EDT
Get Alerts COST Hot Sheet
Price: $163.41 +0.96%

Rating Summary:
    19 Buy, 10 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 30 | New: 8
Trade COST Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with's Ratings Insider Elite. Get your Free Trial here.

Piper Jaffray analyst, Sean Naughton, reiterated his Overweight rating on shares of Costco Wholesale (NASDAQ: COST) ahead of the August sales release. The analyst believes traffic was strong and membership signups are tracking well which should bring core comps in a range of 3% to 5% (excludes gas and FX) as strength in hardlines and consumer
electronics should offset deflationary pressure in food.

No change to the price target of $171.00

For an analyst ratings summary and ratings history on Costco Wholesale click here. For more ratings news on Costco Wholesale click here.

Shares of Costco Wholesale closed at $163.93 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Piper Jaffray

Add Your Comment