Costco price target raised to $695 from $675 at Oppenheimer

Oppenheimer raised the firm’s price target on Costco to $695 from $675 and keeps an Outperform rating on the shares. Costco reported a December adjusted U.S. comp increase of 4.4%, and while Oppenheimer views shares as more appropriate for long-term players, the firm believes a potential membership fee increase could represent a positive catalyst down the road, the analyst tells investors in a research note.