2 More Wall Street Pros Check In on Costco Stock -- The Motley Fool

2 More Wall Street Pros Check In on Costco Stock -- The Motley Fool

2 More Wall Street Pros Check In on Costco Stock Bernstein and Susquehanna put out new notes on the country's leading warehouse club last week. Rick Munarriz Feb 13, 2017 at 9:17AM Shares of Costco ( NASDAQ:COST ) are looking to bounce back after a rare decline in 2016, and it's drawing some more attention on Wall Street. A pair of analysts initiated coverage of the leading warehouse-club operator last week, but no one said all of the interest was bullish. Bernstein analyst Brandon Fletcher initiated coverage of Costco on Tuesday with a "market perform" rating. He's not knocking the company, but given the slow growth at Costco, he thinks the stock is at the high end of its valuation range. Fletcher is establishing a price target of $170, just below Friday's close of $172. Susquehanna initiated coverage three days later, as analyst Bill Dreher tagged the stock with a "positive" rating and a $195 price target.

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