Costco Wholesale (COST) July Comps May Be Light Due To One Less Selling Day - Piper Jaffray

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Costco Wholesale (COST) PT Raised to $170 at Cowen Amid Traffic Momentum

August 4, 2016 10:31 AM EDT

Cowen analyst Oliver Chen reiterated an Outperform rating and raised his price target on Costco Wholesale (NASDAQ: COST) to $170.00 (from $160.00) following comp sales. The analyst noted traffic momentum continues at a healthy +3% level in July.

Chen commented, "July comps of... More