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Baird positive on Costco

|About: Costco Wholesale Corporation (COST)|By:, SA News Editor

Baird backs its Outperform rating on Costco (COST +1.3%) after factoring in the retailer's update on October sales (+7.5% vs. +6.5% consensus).

"We believe COST's established low-price position on high-quality merchandise, loyal membership base, and emerging convenience efforts position the company to effectively compete in today's digitally-enabled retail world," writes the Baird team.

Previously: Retail majors nudged higher on tax relief hopes (Nov. 2)

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