William Blair analyst Phillip Blee has maintained their bullish stance on COST stock, giving a Buy rating today.
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Phillip Blee has given his Buy rating due to a combination of factors that highlight Costco’s robust performance despite a rare earnings miss. The company’s sales and comparable store sales exceeded expectations, demonstrating strong consumer demand and effective operational strategies.
Additionally, the impressive 9.1% increase in comparable sales, excluding gas and foreign exchange impacts, indicates Costco’s resilience in maintaining customer traffic and loyalty. Although the earnings per share and EBIT margin were slightly below consensus, the overall positive sales performance suggests a promising outlook for the company.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $1,177.00 price target.