Costco Wholesale (COST): Notes From Management Meeting - Oppenheimer

October 19, 2016 12:50 PM EDT
Get Alerts COST Hot Sheet
Price: $164.24 +0.33%

Rating Summary:
    19 Buy, 10 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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.

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 $149.11 yesterday.

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