Costco price target raised to $1,060 from $1,050 at JPMorgan

JPMorgan raised the firm’s price target on Costco (COST) to $1,060 from $1,050 and keeps an Overweight rating on the shares. The firm says the company’s core story remains intact following the fiscal Q2 report. The “nuts and bolts” of Costco’s business “remain strong and intact, with a long unit growth runway,” the analyst tells investors in a research note.