Analysts Offer Insights on Consumer Goods Companies: and Costco (COST)

There’s a lot to be optimistic about in the Consumer Goods sector as 1 analysts just weighed in on and Costco (COSTResearch Report) with bullish sentiments.

Costco (COST)

In a report issued on May 15, Peter Benedict from Robert W. Baird maintained a Buy rating on Costco, with a price target of $600.00. The company’s shares closed last Monday at $429.48.

According to TipRanks.com, Benedict is a 5-star analyst with an average return of 14.1% and a 62.8% success rate. Benedict covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Bj’s Wholesale Club Holdings, and Williams-Sonoma.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Costco with a $595.11 average price target, a 41.7% upside from current levels. In a report issued on May 5, Bank of America Securities also reiterated a Buy rating on the stock with a $645.00 price target.

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