BMO Capital Reiterates Outperform on Costco (COST) Following June Results

BMO Capital reiterated an Outperform rating and $185.00 price target on Costco Wholesale (NASDAQ: COST) following the company's June results. Costco reported strong U.S. comps of +6.3% (vs. Consensus of +3.9%) in June 2017 backed by strong 4.5% U.S. customer traffic.

June comps were led by strength in discretionary categories such as Softlines and Hardlines. Grocery categories continue to outperform broader supermarket trends, Food & Sundries and Fresh Foods.

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 $158.02 yesterday.

You May Also Be Interested In

• BMO Capital Reiterates Outperform Rating on Netflix (NFLX), Advertising Seen As a Key Lever
• McGraw Hill (MH) PT Raised to $15 at UBS
• BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform