UBS Starts Target (TGT) at Buy, Wal-Mart (WMT), Costco (COST) at Neutral

An analyst at UBS initiated coverage on several retailers Wednesday morning:

• Target (NYSE: TGT) with a Buy rating and a $64 price target
  
• Wal-Mart (NYSE: WMT) with a Neutral rating
  
• Costco (Nasdaq: COST) with a Neutral rating

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