Costco price target raised to $1,150 from $1,095 at Loop Capital

Loop Capital raised the firm’s price target on Costco (COST) to $1,150 from $1,095 and keeps a Buy rating on the shares after the company reported January sales. Costco reported core comp growth of 10% compared to consensus of 7%, and while FX negatively impacted international segments, they both – Canada and Other International segments – reported double-digit growth on a core basis, the analyst tells investors in a research note.