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• COST 83% Rate It

Deutsche Bank has reiterated a rating of "Buy" for Costco Wholesale Corporation( COST ) and has raised their price target for the company.

Analysts have reaffirmed their rating of "Buy" for Costco, and have raised its price target from $107 to $110. This new price target suggests a 11.9% increase from the stock's current price of $96.90, and a 24.2% increase from the stock's YTD price of $83.32.

The firm commented, "Our Buy rating is predicated on Costco's (1) healthy, traffic-led SSS trends; (2) multiple EBIT margin drivers, including the cycling of last year's offensive price investments (beginning in September 2012); (3) an acceleration in club growth in FY13; & (4) multiple layers of EPS cushion (MFI Increase/Buybacks). These strengths give us more confidence that Costco can play offense and defense at the same time - a unique set-up in retail today. We see material upside."

Costco shares were down slightly during Wednesday afternoon trading.

The Bottom Line
Shares of Costco ( COST ) have a 1.13% dividend yield, based on last night's closing stock price of $97.00. The stock has technical support in the $92-$95 price area. If the stock can firm up, we see overhead resistance around the all-time high levels of $102-$104 price levels.

Costco Wholesale Corporation( COST ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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