Barclays analyst Seth Sigman raised the firm’s price target on Costco to $850 from $830 and keeps an Equal Weight rating on the shares. The company reported another strong quarter, with steady underlying trends, continued progress in e commerce including improved profitability, and robust membership trends, the analyst tells investors in a research note. The firm expects Costco’s momentum to continue, but says the stock’s valuation reflects that.
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Read More on COST:
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- Costco reports Q4 EPS $5.29, consensus $5.08
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