Oppenheimer Starts Costco Wholesale (COST) at Perform, Sees Shares as "Out of Steam"
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Price: $723.05 -0.12%
Rating Summary:
23 Buy, 14 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
23 Buy, 14 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Oppenheimer initiates coverage on Costco Wholesale (NASDAQ: COST) with a Perform rating and $90 price target.
The analyst comments, "COST represents one of the world's best run and most dominant retailers. Longer term we look favorably upon COST's ability to successfully open new clubs in the U.S. and abroad and utilize its ever-strengthening merchandising acumen to capture share. Nearer-term we view the shares as potentially "out of steam.""
They note that shares now trade at a multiple consistent with the high end of historical parameters.
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 $85.09 yesterday.
The analyst comments, "COST represents one of the world's best run and most dominant retailers. Longer term we look favorably upon COST's ability to successfully open new clubs in the U.S. and abroad and utilize its ever-strengthening merchandising acumen to capture share. Nearer-term we view the shares as potentially "out of steam.""
They note that shares now trade at a multiple consistent with the high end of historical parameters.
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 $85.09 yesterday.
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