Piper Jaffray Reiterates Overweight Rating On Costco

According to Piper Jaffray, Costco Wholesale COST Overweight rating is reiterated. Piper Jaffray said that it is estimating a July comp of +8% to +9% vs. consensus of ~+8.7%. “We reiterate our OW rating and price target of $88 based on 23x F12E EPS of $3.82.” Costco Wholesale closed on Friday at $78.25.