Costco price target raised to $652 from $651 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Costco to $652 from $651 and keeps a Buy rating on the shares. There was “little to pick at” in Costco’s fiscal Q4 results as its “best in class” traffic, strong retail margins, sequential core-on-core margin improvement, and interest income combined to deliver an earnings beat, the analyst tells investors in a research note. The firm says the company remains well positioned to take share in the holiday season as customers continue to prioritize value.