Zacks Investment Research upgraded shares of PRICESMART INC (PSMT) from UNDERPERFORM to NEUTRAL on October 02, 2012, with a target price of $77.10.
PriceSmart, Inc. is primarily engaged in the operation of membership shopping warehouses in international markets. The company's business consists of international membership shopping stores similar to, but smaller in size than, warehouse clubs in the United States. The warehouses sell basic consumer goods with an emphasis on quality, low prices and efficient operations. By offering low prices on brand name and private label merchandise, the warehouses seek to generate sufficient sales volumes to operate profitably at relatively low gross margins.
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