Morgan Stanley Maintains Overweight on Costco Wholesale, Raises Price Target to $950
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Overweight rating on Costco Wholesale and raises the price target from $855 to $950.

September 09, 2024 | 12:20 pm
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Morgan Stanley has increased its price target for Costco Wholesale from $855 to $950, maintaining an Overweight rating. This suggests a positive outlook for Costco's stock.
The increase in price target from $855 to $950 by Morgan Stanley indicates a strong positive sentiment towards Costco's future performance. The Overweight rating suggests that the analyst expects Costco to outperform its peers, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100