Costco (COST) may be about to put the burden on its members to pay for higher worker wages.
The warehouse retailer could be “poised” to lift its membership fees within the next 18-months, Wells Fargo analysts said in a research note this week. Wells Fargo views any hike as an earnings catalyst, and lifted its rating on Costco shares to Overweight from Equal-weight ahead of that happening.
“In addition to some sustainability of the COVID benefit, Costco is rapidly approaching its next…
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