Costco quarterly profit beats on lower fees to Visa
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Jefferies Reiterates Hold on Costco Wholesale (COST) Following 4Q Report
September 30, 2016 8:09 AM EDTJefferies reiterated a Hold rating and $135.00 price target on Costco Wholesale (NASDAQ: COST) following the company's 4Q earnings report. Total sales came in at $35.7bn as preannounced, but was softer than Q3, reflecting somewhat softer traffic. Shares have held up well the last 9... More
Cowen Reiterates Outperform as Costco Wholesale (COST) Remains Confident on Comp Growth
September 30, 2016 7:37 AM EDTCowen reiterated an Outperform rating and $170.00 price target on Costco Wholesale (NASDAQ: COST) following the company's 4Q earnings report and conference call. COST acknowledged recent Cowen proprietary data which indicates Amazon Prime's footprint broadening and could pose a greater threat to Costco given a... More
RBC Capital Raises Price Target on Costco Wholesale (COST) Following 4Q Report
September 30, 2016 6:51 AM EDTRBC Capital reiterated an Outperform rating on Costco Wholesale (NASDAQ: COST), and raised the price target to $178.00 (from $177.00), following the company's 4Q earnings report. Costco reported flat comps, essentially in-line with estimates and membership fee income grew ~6% YOY to $832 million, in-line with the Street. EPS of... More
