Evercore ISI analyst Greg Melich raised the firm’s price target on Costco (COST) to $1,075 from $1,070 and keeps an Outperform rating on the shares. The company’s strategic focus on value and nimble sourcing has helped it outperform peers, with core comps growing 8% and EBIT rising 15% year-over-year, notes the analyst, who contends that Costco is “proving its mettle in a challenging retail landscape” by maintaining strong traffic and share gains despite tariff pressures.
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Read More on COST:
- Costco price target lowered to $1,110 from $1,115 at Loop Capital
- Costco’s Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Costco price target raised to $1,153 from $1,148 at Bernstein
- Costco’s Strong Performance and Growth Potential Earns a Buy Rating from Analyst Simeon Gutman
- Costco Counters Tariffs with Strategic Sourcing and Bulk Orders
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