Four Reasons To Buy Costco

Costco (COST) is higher Friday, thanks in part to an upgrade from Barclays.

Analysts Karen Short and Matthew McClintock boosted their rating on Costco from Equal Weight to Overweight, and raised their price target from $170 to $185.  They write that while bears think that Costco is vulnerable to Amazon.com (AMZN), in reality the company’s rock-bottom food costs has attracted a loyal following of shoppers that aren’t migrating online.
Source: Barrons

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