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It is expected that the full implementation of member scanning by Daiwa will effectively help Costco combat member sharing behavior, with the number of members at some Costco stores growing at a double-digit rate. It is expected that the number of members in North America will increase by 4 million. And for each 1 percentage point increase in the number of members, it will bring approximately 0.37% growth in operation profit and eps.
Morgan Stanley Maintains Costco(COST.US) With Buy Rating, Maintains Target Price $950