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Stock impact report

Bank of America revamps Costco stock price before earnings [Yahoo! Finance]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The bank reinstated coverage Monday with a Buy rating and a $1,185 price target, one of the more aggressive calls on the stock right now, arguing the warehouse giant still has 20 percent upside from here. Shares jumped 2.8 percent to $1,012 intraday. Not bad for a stock that has already been outrunning the S&P 500 by 15 points this year, even as banks cratered and tech stalled out. Especially given that the move comes before earnings, scheduled for March 6. Analyst Robert Ohmes is not just saying Costco is a safe haven. He says Wall Street has been getting the story wrong and that the real money has not been made yet. Why Bank of America is calling Costco recession-proof Here is the thing about Costco that most people still underestimate. The actual retail business, the rotisserie chickens, the $1.50 hot dogs, the bulk paper towels, is almost secondary. What Ohmes is really pounding the table on is the membership machine underneath it all. Costco has roughly 135 million card Show less Read more
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