Costco to continue gaining market share, says Truist

Truist analyst Scot Ciccarelli keeps a Buy rating and $571 price target on Costco after its March comps data. While last month’s sales were "a bit sift", trends for Costco remained steady on a multi-year stack basis, and the company also faces easier comparisons in April, the analyst tells investors in a research note. Truist believes that Costco offers a largely unmatched value proposition that will continue to generate wallet-share gains, while a tougher economic environment will likely lead to incremental membership and market share increases.