Jefferies Raises PT From $85.00 To $93.00 And EPS From $0.74 To $0.77 On Costco (COST)

In a recent report, Jefferies has raised the price target on Costco COST from $85.00 to $93.00 and the EPS estimate from $0.74 to $0.77 after better than expected results from 3Q sales. In the report, Jefferies said, "Costco remains the best positioned in our group to benefit from inflation. Not only does its average customer maintain above average income, but Costco is also the low price leader with great private brands and low gas price to drive traffic to the pumps and to the stores." Costco closed yesterday at $81.70.