Costco price target raised to $600 from $575 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Costco to $600 from $575 and keeps an Outperform rating on the shares. The company reported “better-than-anticipated” September comp sales growth and an “impressive” total traffic increase of 4.9%, the analyst tells investors. The firm believes Costco’s high member loyalty and value-focused assortment will continue to fuel sales even in the current uncertain spending environment.