Wells Fargo raised the firm’s price target on Costco to $850 from $800. Costco’s solid Q4 was slightly short of lofty expectations that were boosted by strong fuel margins, and the underlying performance was good as Costco continues to take share while managing margins well, the analyst tells investors in a research note. The firm keeps an Equal Weight rating on the shares on a balanced risk/reward.
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Read More on COST:
- Costco price target raised to $850 from $830 at Barclays
- Closing Bell Movers: Costco slips 1% as Q4 revenue misses estimates
- Costco says 2025 earnings should be less linear than expected
- COST Earnings: Costco Wholesale Tops Wall Street’s Profit Forecast
- Costco say starting to see benefits from work done in the past year
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