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Bernstein Upgrades Costco to “Market Perform” (COST)
On Wednesday Bernstein analysts boosted the rating on Costco Wholesale Corporation (COST
) as the discount chain is expecting healthy sales growth and stable margins for the year.
The analysts boosted COST rating from “Underperform” to “Market Perform.” The price target is $102, which is slightly less than Tuesday’s closing price of $102.15.
Costco shares were flat during pre-market trading on Wednesday. The stock is up +25.48% over the past year.
The Bottom Line
Shares of Costco (COST) have a 1.08% dividend yield, based on last night’s closing stock price of $102.15. The stock has technical support in the $95-$100 price area. The stock is trading near the all-time highs of $105-$106 a share.
Costco Wholesale Corporation (COST) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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