Telsey Advisory analyst Joseph Feldman raised the firm’s price target on Costco to $1,000 from $925 and keeps an Outperform rating on the shares. The company’s Q4 results beat the firm’s estimates, driven by solid sales and better-than-anticipated operating margin, the analyst tells investors. The company continues to execute well in the current uncertain environment and the firm expects Costco to remain a share gainer. Telsey Advisory is raising its price target on the stock given the strong business trends.
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