Costco price target raised to $940 from $850 at Barclays

Barclays analyst Seth Sigman raised the firm’s price target on Costco (COST) to $940 from $850 and keeps an Equal Weight rating on the shares following the fiscal Q1 report. The company’s sales momentum is known, with positive check points on digital and media, and better gross margin performance, “all of which keep the story in a unique position,” the analyst tells investors in a research note.