Costco price target raised to $1,192 from $1,170 at Bernstein

Bernstein raised the firm’s price target on Costco (COST) to $1,192 from $1,170 and keeps an Outperform rating on the shares. Q1 will be one of bifurcating fates, the firm argues. Bernstein believes the “One Big Beautiful Bill Act” stimulus will be a boost to comparable sales momentum for many retailers catering to the higher-income consumers. However, fuel pressures, general inflation, and reductions in social transfers, are likely to be an offset to some, and might imperil the quality of the print for others.