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.
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:
- 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