Market Overview

UPDATE: McAdams Wright Ragen Cuts PT to $98 on Costco Wholesale Following Dividend

Share:
Related COST
Shuttered Retail Is Amazon's Gain
Household Names JPMorgan Initiated Ratings On This Week
How to Find Wide Investment Moats the 'Easy' Way (GuruFocus)

McAdams Wright Ragen reiterated Costco Wholesale (NASDAQ: COST) at Hold while cutting its price target from $102 to $98.

McAdams Wright Ragen commented, "Overall, operating trends remain strong. However, with the stock trading at 22x our FY13 earnings estimate, we maintain our Hold rating, and prefer a lower entry price. We are also lowering our price target to $98, or 22x our FY13 estimate, from $102, in part to compensate for $7.00 per share special dividend."

Costco Wholesale closed at $97.72 on Wednesday.

Latest Ratings for COST

DateFirmActionFromTo
Feb 2017SusquehannaInitiates Coverage OnPositive
Feb 2017BernsteinInitiates Coverage OnMarket Perform
Jan 2017Stifel NicolausInitiates Coverage OnBuy

View More Analyst Ratings for COST
View the Latest Analyst Ratings

Posted-In: McAdams Wright RagenAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (COST)

View Comments and Join the Discussion!