Bernstein raised the firm’s price target on Costco (COST) to $1,153 from $1,148 and keeps an Outperform rating on the shares. The firm notes Costco reported Q3 results and managed to beat consensus expectations despite its well telegraphed monthly sales results. Bernstein continues to believe that Costco is the highest quality company in its coverage, with multiple decades of global warehouse expansion opportunities ahead.
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