Costco quarterly sales miss estimates amid fierce competition

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Costco Wholesale (COST) PT Raised to $329 at RBC Capital

October 4, 2019 7:41 AM EDT

RBC Capital analyst Scot Ciccarelli raised the price target on Costco Wholesale (NASDAQ: COST) to $329.00 (from $321.00) while maintaining a Outperform rating following the company's 4Q report. Excluding a $123mm charge, Costco nicely beat expectations with adjusted EBIT growth of ~10% YOY, while... More