Goldman Sachs lowered the firm’s price target on Costco (COST) to $1,171 from $1,218 and keeps a Buy rating on the shares. Following the Q1 earnings report, Goldman Sachs continues to have confidence in Costco’s value proposition resonating with consumers, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COST:
- Phillip Blee Recommends ‘Buy’ for Costco Amid Strong Sales Growth and Resilient Business Model
- Costco’s Strong Financial Performance and Growth Prospects Justify Buy Rating
- Costco price target raised to $1,146 from $1,134 at Bernstein
- Costco (COST) Earnings Call Set to Deliver Buy-the-Dip Holiday Gift
- Closing Bell Movers: Broadcom down 5%, Lululemon gains 10%