Wall Street Strategies Reiterates a 'Buy' on Costco Wholesale (COST); Another Bang Up Month
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Price: $114.39 +1.06%
Rating Summary:
8 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade COST Now!
Wall Street Strategies reiterates a 'Buy' on Costco Wholesale (NASDAQ: COST), raises price target from $80 to $82.
WSS analyst, Brian Sozzi, said, "What will get lost in the CEO departure sauce, and rightfully so, is that Costco had another bang up month of sales. August was a period like many others for Costco throughout the economic recovery, showcasing an upper middle income consumer continuing to be fully engaged in the process of saving where applicable. Furthermore, the acceleration in Costco’s traffic month to month, off already stellar levels, coincides with an ongoing consolidation of trips by households to those destinations conveying one-stop shopping convenience or unmatched value, two top names here being Costco and Target (NYSE: TGT)."
For more ratings news on Costco Wholesale click here and for the rating history of Costco Wholesale click here.
Shares of Costco Wholesale closed at $78.54 yesterday, with a 52 week range of $55.74-$83.95.
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WSS analyst, Brian Sozzi, said, "What will get lost in the CEO departure sauce, and rightfully so, is that Costco had another bang up month of sales. August was a period like many others for Costco throughout the economic recovery, showcasing an upper middle income consumer continuing to be fully engaged in the process of saving where applicable. Furthermore, the acceleration in Costco’s traffic month to month, off already stellar levels, coincides with an ongoing consolidation of trips by households to those destinations conveying one-stop shopping convenience or unmatched value, two top names here being Costco and Target (NYSE: TGT)."
For more ratings news on Costco Wholesale click here and for the rating history of Costco Wholesale click here.
Shares of Costco Wholesale closed at $78.54 yesterday, with a 52 week range of $55.74-$83.95.
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