Costco price target raised to $547 from $510 at Barclays

Barclays analyst Seth Sigman raised the firm’s price target on Costco to $547 from $510 and keeps an Equal Weight rating on the shares. The company’s total adjusted comps improved in November on a year-over-year basis versus October, but slowed on a multi-year basis, the analyst tells investors in a research note. The firm says ticket remains negative while traffic is positive.