Costco price target raised to $1,150 from $950 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Costco (COST) to $1,150 from $950 and keeps an Overweight rating on the shares after the company delivered what the firm says was “yet another quarter of acceleration in fundamentals.” The value proposition, upgraded e-commerce capabilities and membership fee income capture are “likely to drive further momentum” through 2025, the analyst contends in a post-earnings note.