Costco price target raised to $1,075 from $980 at Oppenheimer

Oppenheimer raised the firm’s price target on Costco (COST) to $1,075 from $980 and keeps an Outperform rating on the shares after the shares again moving through its price target The firm continues to see a strong outlook for market share gains and believes Costco is well positioned to sustain robust top-line momentum. The company’s merchandising efforts have stepped up even further, in Oppenheimer’s view, from a powerful gift card offering to newer premium brands throughout the store.