The Ratings Game: Costco thinks it can stand up to competition from Amazon, and so do analysts

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Costco has a number of things working for it, according to analysts, including its transition to Visa.

Costco Wholesale Corp. believes it can withstand the assault from online retailers like e-commerce giant Amazon.com Inc. Analysts are equally, if not more, optimistic about Costco’s prospects.

“I have read reports that some of you have written that we and maybe one or two other retailers out there… are Amazon-proof or Internet-proof. We don’t buy that for a minute,” said Richard Galanti, chief financial officer of Costco COST, +3.78% , according to a FactSet transcript of the company’s Thursday earnings call.

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