COST - Optimistic Outlook On Costco: Analyst Forecasts Robust EPS Growth And Digital Sales Surge | Benzinga
Telsey Advisory Group analyst Joesph Feldman reiterated an Outperform rating on the shares of Costco Wholesale Corporation (NASDAQ: COST) with a price target of $575.
Costco will report August sales after
the markets close on Wednesday, August 30.
The analyst forecasts a total comparable sales of 2.4 versus 10.1% last year. Excluding
a projected net gas and FX headwind of ~60 basis points, core merchandise
comparable sales are expected to be 3.0% versus 8.7% last year.
In August, gas prices decreased in the ...