Benchmark is out with a research report this morning reviewing PriceSmart PSMT ahead of company earnings expected Monday, July 9, after the market close. Benchmark has a Buy rating and $87 price target on the company.
In the report, Benchmark stated, "In late August, the Company opened its first store in Colombia. The initial warehouse club sales and membership sign-ups at the new Barranquilla, Colombia club has reinforced the Company's belief that Colombia
could be a market for multiple PriceSmart clubs. We believe the new club is tracking at 10% greater sales than the company average store sales."
Shares of PriceSmart closed Tuesday at $66.95, flat to Monday's market close.
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