Truist Securities Maintains Buy on Costco Wholesale, Raises Price Target to $693
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a Buy rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $619 to $693.
December 15, 2023 | 1:00 pm
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Truist Securities analyst Scot Ciccarelli has reaffirmed a Buy rating on Costco Wholesale and raised the price target from $619 to $693, indicating a positive outlook on the stock.
The increase in price target by Truist Securities reflects a strong vote of confidence in Costco's future performance. Such analyst upgrades often lead to a positive short-term reaction in the stock market as investors adjust their expectations based on the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100