Costco price target lowered to $950 from $975 at Mizuho

Mizuho analyst David Bellinger lowered the firm’s price target on Costco (COST) to $950 from $975 and keeps a Neutral rating on the shares. The company’s growth momentum is intact following the September results despite tougher comparisons in the prior-year period, the analyst tells investors in a research note. The firm awaits evidence of moderating expense growth and subsequent room for Street numbers to move higher before recommending the shares.