Truist analyst Scot Ciccarelli raised the firm’s price target on Costco (COST) to $995 from $935 and keeps a Hold rating on the shares. The company delivered another strong quarter, and its comps are the strongest and most consistent within the firm’s large-cap retailer coverage, the analyst tells investors in a research note. Costco continues to deliver strength across categories as its value proposition continues to resonate strongly with still pressured consumers, the firm added.
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