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Costco price target raised to $568 from $538 at Truist
The Fly

Costco price target raised to $568 from $538 at Truist

Truist analyst Scot Ciccarelli raised the firm’s price target on Costco to $568 from $538 and keeps a Buy rating on the shares. The company’s January sales were "solid", and its extreme value proposition will enable Costco to continue to gain more members and market share, particularly if the economy continues to soften, the analyst tells investors in a research note. Costco has the highest barriers to entry in all of retail due to its extremely low gross margin structure, the firm added.

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