Costco (COST) Raises Quarterly Dividend 7.7% to $0.70; 0.9% Yield
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Citi Assumes Costco Wholesale (COST) at Neutral
April 14, 2020 8:51 PM EDTCiti analyst Paul Lejeuz assumes coverage on Costco Wholesale (NASDAQ: COST) with a Neutral rating and a price target of $310.00.
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 $299.62 yesterday.
... MoreStrength of U.S. consumer staples stocks shows cracks as market recovers
April 14, 2020 3:00 PM EDTBy Lewis Krauskopf
NEW YORK (Reuters) - A broad rebound in U.S. stocks is leaving behind shares of some supermarkets, household product makers and other staples companies that provided a haven in last month's coronavirus-fueled selloff.
The U.S. consumer staples sector is up 22% since March 23, as of Tuesday afternoon, lagging a rally that has seen the S&P 500 gain nearly 27% in that period.
Consumers stocking up on groceries, cleaning supplies and other essential goods last month helped boost the sector's performance and bolstered its reputation as a hideout during uncertain times.
The... More
Costco Wholesale (COST) Comps Miss is Not Concerning - Nomura/Instinet
April 13, 2020 6:18 AM EDTNomura/Instinet analyst Michael Baker reiterated a Neutral rating and $310.00 price target on Costco Wholesale (NASDAQ: COST) after the 12.1% U.S. core comp missed the consensus estimate of 18% and the whisper number that was >20%.
The analyst stated "it was apparent that... More
