Costco price target lowered to $557 from $559 at Truist

Truist analyst Scot Ciccarelli lowered the firm’s price target on Costco to $557 from $559 and keeps a Buy rating on the shares. The company’s November sales were "modestly below trend", but this is likely to be temporary, the analyst tells investors in a research note. Ciccarelli adds that investors should be "aggressive buyers" of Costco on any pullback in the stock price.