Morgan Stanley maintained its price target on Costco Wholesale (NASDAQ: COST) at $200.00 while maintaining a Equalweight rating, following meetings with management at Costco HQ.

Analyst Simeon Gutman affirms the company's ratings and price target, following management meeting with CFO Richard Galanti and AVP of IR David Sherwood at Costco HQ, as commentary centered on continued re-investments to drive future results, with the COST business model appearing safe from Amazon. The analyst notes that the e-commerce channel is performing well, while COST continues development on the first ever warehouse in China.