Costco price target raised to $977 from $926 at Truist

Truist analyst Scot Ciccarelli raised the firm’s price target on Costco (COST) to $977 from $926 and keeps a Hold rating on the shares. The company posted another strong quarter, but its membership growth remains a headwind and the stock’s valuation leaves little room for error, the analyst tells investors in a research note. Investors want to see member growth inflect for the stock’s multiple to re-expand, the firm adds.