Raymond James Maintains Outperform on Costco Wholesale, Raises Price Target to $670
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Bobby Griffin has maintained an Outperform rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $580 to $670, indicating a positive outlook on the company's stock.
December 15, 2023 | 3:02 pm
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Raymond James analyst Bobby Griffin has reaffirmed Costco Wholesale's Outperform rating and raised the price target from $580 to $670, suggesting confidence in the company's future performance.
The increase in price target by Raymond James reflects a strong vote of confidence in Costco's potential for stock price appreciation. This positive analyst action can often lead to a short-term increase in stock price as it may influence investor sentiment and expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100