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Oppenheimer sees upside for Costco

  • Costco (NASDAQ:COST) is upgraded by Oppenheimer to an Outperform rating from Perform.
  • The investment firm sets a price target of $160 on the retail stock.
  • Yesterday, Costco announced strong underlying comparable-store sales growth after F/X swings and gas deflation were backed out.
  • Previously: Costco's reports same store sales at -1% (Jul. 08 2015)
  • Previously: Heard during Costco's sales call (Jul. 09 2015)
  • COST +1.18% premarket to $141.09.

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