Truist analyst Scot Ciccarelli raised the firm’s price target on Costco to $619 from $597 and keeps a Buy rating on the shares after its Q4 results. The company’s value proposition continues to shine and its margins “remain solid” despite the sales mix shift toward Consumables, the analyst tells investors in a research note. The firm maintains its view that Costco has the highest barriers to entry in all of retail due to its immense buying power and extreme value offering, as well as the potential for an eventual membership fee increase and a special dividend.
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