Costco price target lowered to $630 from $660 at Loop Capital

Loop Capital lowered the firm’s price target on Costco to $630 from $660 and keeps a Buy rating on the shares. Management seems comfortable with the 7%+ MFI growth it is generating organically on new memberships, upgraded memberships, and record renewal rates, the analyst tells investors in a research note. Loop views Costco as a core holding in consumer stocks.