Costco Wholesale (COST) adj.-Comps Rose 4% in Jan.
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BMO Capital Cuts Price Target Following Costco Wholesale's (COST) January Sales Miss
February 4, 2016 1:39 PM ESTBMO Capital maintained an Outperform rating on Costco Wholesale (NASDAQ: COST), and cut the price target to $170.00 (from $175.00), following the company's reported January sales. Costcos Jan 2016 base comps (ex-fuel) grew 1% in the U.S., coming in below consensus estimates of +3.6%.
Analyst Kelly Bania commented, "Costcos Jan 2016 base comps (ex-fuel) grew 1% in the U.S. (below cons of+3.6%). Excluding the drag from a Superbowl timing shift (0.75%) and the extreme weather (1%) in the Northeast/Midwest (Storm Jonas), we estimate US base comps would have been near... More
