JPMorgan raised the firm’s price target on Costco (COST) to $1,027 from $1,025 and keeps an Overweight rating on the shares. The expects the company to post “strong” December comps. The “setup bodes well for COST to reverse the burden of proof on its stock and chart death,” the analyst tells investors in a research note.
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Read More on COST:
- Costco should remain ‘core holding’, says BMO Capital
- Costco price target lowered to $1,171 from $1,218 at Goldman Sachs
- 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