Costco price target raised to $1,095 from $972 at BofA

BofA analyst Robert Ohmes raised the firm’s price target on Costco (COST) to $1,095 from $972 and keeps a Buy rating on the shares after the company reported November comp growth 4.3% for the U.S. ex-gas and 4.9% for the total company ex-gas and forex. E-commerce sales in November were negatively impacted due to Thanksgiving, Black Friday, and Cyber Monday occurring a week later this year vs. last year, negatively affecting total and comparable sales by approximately 1.5%, the analyst noted. Entering fiscal 2025, the firm rolls its two-year forward valuation base to FY27, the analyst noted.