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

August 29, 2016 6:33 AM EDT
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Price: $149.33 -0.47%

Rating Summary:
    17 Buy, 11 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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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.

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