Raymond James analyst Bobby Griffin raised the firm’s price target on Costco to $580 from $570 and keeps an Outperform rating on the shares following the Q4 earnings report. Costco’s Q4 EPS was above consensus expectations, and while the near-term will likely remain choppy with lingering economic concerns and consumer uncertainty, the long-term fundamentals of Costco’s business model remain intact, the analyst tells investors in a research note.
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