Costco Wholesale Corporation (COST) Maintains A Buy Rating
By Benzinga Staff
March 04, 2010 7:08 PM
March 04, 2010 7:08 PM
Symbols: COST
Analysts David Strasser and Sarang Vora at Janney Capital Markets have maintained a Buy rating for Costco Wholesale Corporation (NASDAQ: COST).
Costco reported adjusted EPS of $0.70 for the second-quarter, which is in-line with analysts’ estimate. According to analysts, the company’s defensive business model, strong traffic trends, easy comparisons, flattish to up inflation, and a mix shift towards the non-food categories due to a stabilizing economy will all help drive outperformance in 2010.
Analysts at Janney Capital Markets have set the price target for Costco Wholesale Corporation at $65.
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