Costco price target raised to $697 from $695 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Costco to $697 from $695 and keeps a Buy rating on the shares. The company delivered solid December results, aided in part by an extra selling day, the analyst tells investors in a research note. The firm believes the company’s strengths, including “best-in class” value proposition, consistent results, and positive traffic, will continue to drive shares higher.