Costco price target raised to $900 from $850 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Costco to $900 from $850 and keeps an Outperform rating on the shares. The company reported a “solid” May headline comparable, the analyst tells investors. The firm believes Costco is executing “exceptionally well” in the current uncertain operating environment and expects the company to remain a share gainer.