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UPDATE: Stifel Nicolaus Raises PT to $107 on Costco Wholesale; Q4 Previewed


Stifel Nicolaus reiterated its Buy rating on Costco Wholesale (NASDAQ: COST) and raised its price target from $100 to $107.

Stifel Nicolaus noted, "Optics look good - calendar 4Q12-1Q13 provide easy gross margin comparisons as EBIT benefits from renewed memberships at higher rate grow. COST continues to let its model work. COST re-invests in lower prices while incremental membership fee income (and EBIT) ramps. We see medium to long term benefits from IT investments in re-platforming, mobile apps and data systems (the site is much better, we think can help online sales of Kirkland Signature and can therefore boost gross margin a little over time)."

Costco Wholesale closed at $100.51 on Monday.

Latest Ratings for COST

Nov 2019Initiates Coverage OnNeutral
Nov 2019MaintainsHold
Oct 2019DowngradesBuyNeutral

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Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


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WDAYWilliam BlairAssumes
ARGuggenheim SecuritiesMaintains6.8
LHXBernsteinInitiates Coverage On247.0
ARQLCantor FitzgeraldDowngrades20.0
PSAWells FargoDowngrades202.0
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