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Enter Symbol:
Rating: COST
Buy $180

Costco Wholesale Corporation (NASDAQ: COST) upgraded to Buy with price target $180 by UBS

Monday,  Oct 26, 2015  1:25 PM ET by Kristen Bailey

UBS upgraded Costco Wholesale Corporation (NASDAQ: COST) to Buy with price target $180 with today's price
of $156.70. UBS rated Costco Wholesale Corporation (NASDAQ: COST) to Neutral with price target $145 on 12/11/2014, when the price was $141.39. Costco Wholesale Corporation's stock price gained 11% since then.

Costco Wholesale Corporation (Costco) operates membership warehouses that offer its members low prices on a limited selection of branded and selected private-label products in a range of merchandise categories. It buys the majority of its merchandise directly from manufacturers and route it to a cross-docking consolidation point (depot) or directly to its warehouses. The Company?s depots receive container-based shipments from manufacturers and reallocate these goods for shipment to its individual warehouses. The Company?s warehouse format averages approximately 143,000 square feet. Its warehouses operate on a seven-day, 69-hour week. It carries an average of approximately 3,800 active stock keeping units (SKUs) per warehouse in its core warehouse business. Many consumable products are offered for sale in case, carton or multiple-pack quantities only.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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