Evercore ISI Group Maintains Outperform on Costco Wholesale, Lowers Price Target to $790
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Greg Melich maintains an Outperform rating on Costco Wholesale (NASDAQ:COST) but lowers the price target from $805 to $790.
April 16, 2024 | 2:45 pm
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Evercore ISI Group maintains an Outperform rating on Costco Wholesale but lowers the price target from $805 to $790.
The adjustment in price target by Evercore ISI Group reflects a slight moderation in their short-term outlook for Costco Wholesale, possibly due to market conditions or company-specific factors not detailed in the news. However, maintaining the Outperform rating indicates a continued positive view on the company's fundamentals and growth prospects. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against the backdrop of an overall positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100