Roth Capital keeps a Sell rating and $769 price target on Costco (COST) after its January sales data. The company’s traffic deceleration has continued, and while this was offset by improved transactions, the sharp acceleration in e-commerce suggests that January benefited from winter storm stock-up that will reverse in February, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COST:
- Costco reports January comparable sales up 7.1%
- 3 ETFs to Gain Exposure to Walmart’s Trillion Dollar Trajectory
- Costco price target raised to $1,065 from $1,000 at Mizuho
- Costco Stock (COST) has no Joie de Vivre Despite Expanding Services to Paris and Madrid
- Costco launches first same-day websites in France and Spain with Instacart