Oppenheimer checks in on the international side of Outperform-rated Costco's (COST -0.2%)business.
"Over the past several years, COST has grown its operations within Australia successfully and now has ten locations with plans to further expand the footprint over time," notes the firm. Oppenheimer says it's also waiting to see the reception to Costco's location on Shanghai.
Costco remains a top pick at Oppenheimer. "We believe a special dividend could come in 2019 and potentially represent the next positive catalyst for the shares," tips the analyst team.
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