Market Overview

UPDATE: Piper Jaffray Raises PT on Costco Wholesale Corporation Following UK Investor Meetings

Share:
Related COST
Dan Nathan Sees Unusually High Options Activity in Costco
Zacks Market Edge Highlights: GrubHub, Costco, Sprouts Fresh Market, Blue Apron and Amazon
Warren Buffett's 5 Highest-Quality Companies (GuruFocus)

In a report published Wednesday, Piper Jaffray reiterated its Overweight rating on Costco Wholesale Corporation (NASDAQ: COST), and raised its price target from $110.00 to $116.00.

Piper Jaffray noted, “Yesterday, we hosted investors in the UK for meetings with local management as well as a tour of a warehouse which left us incrementally encouraged on the international expansion story. Accelerating unit growth in international markets and its associated favorable margin mix shift over the next several years will be a key catalyst for earnings growth and after meeting with the UK team in addition to its Japanese team approximately one year ago, we believe COST has the right people in place to successfully execute its plan.”

Costco Wholesale Corporation closed on Tuesday at $103.15.

Latest Ratings for COST

DateFirmActionFromTo
Jun 2017Deutsche BankDowngradesBuyHold
May 2017Gordon HaskettInitiates Coverage OnAccumulate
Apr 2017BarclaysUpgradesEqual-WeightOverweight

View More Analyst Ratings for COST
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Analyst Ratings

 

Related Articles (COST)

View Comments and Join the Discussion!