Costco price target lowered to $600 from $605 at BofA

BofA analyst Robert Ohmes lowered the firm’s price target on Costco to $600 from $605 and keeps a Buy rating on the shares after the company reported November comps grew 4.6% for the U.S. ex-gas and 5.3% for the total company. He lowered his FY24 EPS estimate to $16.20 from $16.25 given Costco’s reported fiscal Q1 net sales of $53.44B versus his previous estimate of $54.36B.