Truist analyst Scot Ciccarelli raised the firm’s price target on Costco (COST) to $1,042 from $995 and keeps a Hold rating on the shares. The company’s Q3 marked another quarter of “strong results” as Costco continues to post the strongest and most consistent comps in the firm’s coverage, the analyst tells investors in a research note. Costco continues to benefit from its strong merchandising and treasure hunt experience as well as its “extreme” value proposition for members, the firm added.
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