UBS analyst, Michael Lasser, reiterated his Buy rating on shares of Costco Wholesale (NASDAQ: COST) and raised his price target to $210 from $190 after the company reported 1Q EPS of $1.45 (w. $0.09 tax benefit) vs. consensus of $1.34.

The analyst stated "It's hard to find much to pick at with Costco's 1Q results. After reporting an impressive core comp on Nov. 29, the co. followed through by illustrating solid membership trends
& a steady core GM". He went on to state we don't believe the company is being "disintermediated by online competitors".

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 $186.53 yesterday.