Costco (NASDAQ:COST) Driving Top and Bottom Line Growth Says Goldman (NYSE:GS)

After talking with Costco Wholesale (NASDAQ:COST), Goldman Sachs (NYSE:GS) came away with an outlook that the warehouser is driving both top and bottom line growth.

Goldman noted, "In our view, details from the call confirmed that the company has reached an inflection point, where it is not only driving top-line growth, but bringing more of it down to the bottom-line."

EPS estimates for full year 2011, full year 2012 and full year 2013 and remain the same at $3.36, $3.75, and $4.07.

Goldman Sachs reiterated their "Buy' rating on Costco Wholesale, which closed Thursday at $71.02, up $1.77, or 2.56 percent. They raised their price target on them from $71 to $77.