July 10, 2017 / 2:39 PM / 4 months ago

BUZZ-Costco downgraded on Amazon jitters - BMO

** Costco Wholesale down 1.4 pct early Mon as BMO downgrades shares to market perform from outperform

** Broker lowers PT more than 13 pct to $160 from $185

** Analyst Kelly Bania writes that Amazon.com jitters have affected investor sentiment and overshadowed strong fundamentals and could “create an overhang on COST shares”

** Adds that inflation could lead to short-term margin pressures, which could create a better re-entry point for investors

** Of 30 analysts covering COST, 20 recommend “buy” or stronger, while 10 recommend “hold.” Median PT $185.37

** Thomson Reuters StarMine awards Bania 5 of 5 possible stars for past COST recommendations

** On Weds Jul 5 COST reported Jun 2017 comp sales increase of 6 pct

** YTD, COST shares down about 1 pct vs AMZN’s 32 pct gain (Stephen Culp)

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