Morgan Stanley analyst Simeon Gutman raised the firm’s price target on Costco (COST) to $1,225 from $1,150 and keeps an Overweight rating on the shares. Costco delivered member growth, comp momentum, market share gains, and steady operating margin leverage, “true to form,” as it leverages its scale to offset tariff and inflationary pressures, widens its pricing lead and continues taking share from the grocer and c-store channel, the analyst tells investors in a post-earnings note.
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