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.
Published first on TheFly
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