Costco Wholesale (COST): Notes From Management Meeting - Oppenheimer
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Oppenheimer analyst, Brian Nagel, reiterated his Outperform rating on shares of Costco Wholesale (NASDAQ: COST) after meeting with management.
The analyst noted that management does not discuss business trends intra-month. However, the following points are worth considering:
1) The company is beginning to lap a few of the more significant top-line headwinds of the past several months
2)nothing appears to be occurring to prevent the chain from lifting fees on a typical "every 5 year" schedule
3) Costco is examining the potential for a better developed online presence and is undertaking initiatives that should begin to work in as little as 6 months
No change to the price target of $175.
Shares of Costco Wholesale closed at $149.11 yesterday.
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