Costco price target raised to $915 from $910 at Stifel

Stifel analyst Mark Astrachan raised the firm’s price target on Costco to $915 from $910 and keeps a Buy rating on the shares after Costco reported total and U.S. core August comp growth of 7.1% and 6.7%, both of which topped consensus. Traffic up 6.6% globally and 6.0% in the U.S., which is above F1Q24-F3Q24 levels, indicates Costco’s value proposition “continues to resonate,” the analyst tells investors.