Oppenheimer positive on Costco

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

Oppenheimer lifts its price target on Costco (NASDAQ:COST) to $270 from $245.

The firm says the PT is based on a 28X earnings multiple off the newly introduced FY21 estimate of $8.65 plus $26 in gross cash.

The Oppenheimer analyst team also sees the potential for a special dividend payout by Costco in the next few quarters.

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