Costco price target raised to $1,200 from $1,100 at Gordon Haskett

Gordon Haskett analyst Chuck Grom raised the firm’s price target on Costco (COST) to $1,200 from $1,100 and keeps a Buy rating on the shares as part of the firm’s retail outlook for 2025. The near-term event path for the sector remains unfavorable given that the exit rate in January was likely soft for most, the analyst tells investors in a research note. The firm also believes the upcoming spring weather outlook, the coldest in 10 years, is “precarious.” This dynamic, coupled with a high degree of tariff and interest rate uncertainty, will likely yield Q1 and 2025 guides below Street estimates, contends Gordon Haskett.