UPDATE: McAdams Wright Ragen Reiterates Hold on Costco Wholesale Corporation on Soft June Comps

McAdams Wright Ragen reiterates its Hold rating and $92 price target on Costco WholesAle Corporation

as June comps soften on headwinds. McAdams Wright Ragen comments, "Costco Wholesale reported June comparable store sales growth of 3% (on a difficult 14% prior-year comparison), which disappointed relative to expectations and was below recent trends as the combined gas and foreign exchange (FX) impact was solidly negative, and the two-day Independence Day calendar shift created an additional headwind." Costco WholesAle Corporatio closed at $95.55 on Tuesday.