Costco price target lowered to $575 from $600 at UBS

UBS analyst Michael Lasser lowered the firm’s price target on Costco to $575 from $600 and keeps a Buy rating on the shares. While the company had a "solid" Q2 report, this is likely to be overshadowed by slower February sales, the analyst tells investors in a research note. Membership growth remains consistent, the firm notes.