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Costco price target raised to $850 from $800 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Costco to $850 from $800 and keeps an Outperform rating on the shares. The company reported “strong” Q3 EPS growth with an “impressive” headline comparable, the analyst tells investors. Overall, Costco continues to execute well in the current uncertain operating environment and the firm expects the company to remain a share gainer.

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