Piper Jaffray Reiterates Overweight Rating On Costco - Costco Wholesale (NASDAQ:COST)

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According to Piper Jaffray, Costco Wholesale (NASDAQ: COST) Overweight rating is reiterated.Piper Jaffray said that it is estimating a July comp of +8% to +9% vs. consensus of ~+8.7%. “We reiterate our OW rating and price target of $88 based on 23x F12E EPS of $3.82.”Costco Wholesale closed on Friday at $78.25.

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