Costco Wholesale (COST) PT Raised to $192 at BofA/Merrill Lynch; 'Healthy Comps & Margins Drive F3Q EPS Upside'

May 26, 2017 7:02 AM EDT
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Price: $384.75 +1.41%

Rating Summary:
    23 Buy, 11 Hold, 1 Sell

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    Up: 15 | Down: 17 | New: 13
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BofA/Merrill Lynch raised its price target on Costco Wholesale (NASDAQ: COST) to $192.00 (from $180.00) while maintaining a Buy rating, following the company's third quarter earnings report.

Analyst Robert Ohmes notes the company delivered third quarter earnings per share, revenues, comps and gross margins above consensus projections driven by the Citi/Visa agreement and fuel sales, as the results highlight strong management exection.

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