Shares of Costco (COST) were higher during mid-morning trading on Friday after Barclays upgraded the stock to "Overweight" from "Equal Weight" with a $185 price target.
The wholesale retailer is one of the few in the space that can succeed vs. e-commerce competition, Barclays analyst Karen Short noted.
"Given Costco's high-quality merchandise in food, low prices, and the frequency of purchase for these items, we believe that the company's customers will remain loyal and believe Costco's price positioning and quality in food insulates it from Amazon," Short wrote.
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