Deutsche Bank Maintains a 'Hold' on Costco Wholesale (COST); Positive on Mexican Joint Venture
Tweet
Share
E-mailGet Alerts COST Hot Sheet
Price: $722.68 --0%
Rating Summary:
23 Buy, 14 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 8
Rating Summary:
23 Buy, 14 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 8
Join SI Premium – FREE
Deutsche Bank maintains a 'Hold' on Costco Wholesale (NASDAQ: COST) price target of $85.00.]
Analyst, Charles Grom, said, "Earlier this morning, COST and Controladora Comercial Mexicana, S.A.B. de C.V. announced that they have executed a definitive agreement, under which Costco Wholesale will purchase from CCM its 50% share interest in Costco de Mexico, S.A. de C.V., a joint venture, for $760.4 million USD."
In conclusion, Grom said, the writing was on the wall as far as consolidating Mexican operations, especially considering the company has $5.9 billion on the balance sheet. Grom sees Costco continuing to expand in Latin & South America.
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 $87.43 yesterday.
Analyst, Charles Grom, said, "Earlier this morning, COST and Controladora Comercial Mexicana, S.A.B. de C.V. announced that they have executed a definitive agreement, under which Costco Wholesale will purchase from CCM its 50% share interest in Costco de Mexico, S.A. de C.V., a joint venture, for $760.4 million USD."
In conclusion, Grom said, the writing was on the wall as far as consolidating Mexican operations, especially considering the company has $5.9 billion on the balance sheet. Grom sees Costco continuing to expand in Latin & South America.
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 $87.43 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Costco Wholesale (COST) PT Raised to $710 at Citi
- Q2 Holdings (QTWO) PT Raised to $60 at Stifel
- Texas Instruments (TXN) PT Raised to $170 at Mizuho
Create E-mail Alert Related Categories
Analyst Comments, Mergers and AcquisitionsRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
