Baird raised the firm’s price target on Costco (COST) to $1,100 from $1,000 and keeps an Outperform rating on the shares. The firm updated its model following impressive January sales against challenging comps.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COST:
- Costco Stock (COST) Rises on Strong January Sales, But Roth Analyst Remains Bearish
- Costco: Durable Comp Momentum, Omni-Channel Strength, and Margin Expansion Support Buy Rating
- Costco’s January sales benefited from storm, to reverse in February, says Roth
- Costco reports January comparable sales up 7.1%
- 3 ETFs to Gain Exposure to Walmart’s Trillion Dollar Trajectory
