Piper Jaffray Reiterates Overweight, $97 Target on Costco
Tuesday, 21 February 2012
Piper Jaffray reiterates its Overweight rating and $97 target price on Costco (NASDAQ: COST) on higher gas prices and impressive transaction trends.
Piper Jaffray says, "Over the years, Costco's stock has traded similarly to the price of gas given it generates nearly 10% of its revenue from gasoline.
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