Evercore ISI Group Maintains Outperform on Costco Wholesale, Raises Price Target to $650
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Greg Melich has maintained an Outperform rating on Costco Wholesale (NASDAQ: COST) and increased the price target from $640 to $650.
December 12, 2023 | 3:35 pm
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POSITIVE IMPACT
Evercore ISI Group has reaffirmed its Outperform rating on Costco Wholesale and raised the price target to $650.
The increase in price target by a reputable analyst like Greg Melich suggests a positive outlook on Costco's stock, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100