Gordon Haskett Raises June SSS Est. for Costco (COST)

Gordon Haskett analyst Chuck Grom reiterated a Buy (1) rating and $575.00 price target on Costco Wholesale (NASDAQ: COST) ahead of the company's June comp report - due tomorrow after the close of trading.

The firm is raising their SSS estimate to +2.5% from flat. The analyst said the company "could see some recovery in Spring/Summer seasonal categories from a delayed start to spring due to the unfavorable weather. In addition, Costco may benefit from Father’s Day and the start of the long July 4th weekend."

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 $541.04 yesterday.

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