Wells Fargo Maintains Equal-Weight on Costco Wholesale, Raises Price Target to $850
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst George Kelly maintains an Equal-Weight rating on Costco Wholesale and raises the price target from $800 to $850.
September 27, 2024 | 3:23 pm
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Wells Fargo has maintained its Equal-Weight rating on Costco Wholesale but increased the price target from $800 to $850, indicating a positive outlook.
The increase in price target from $800 to $850 by Wells Fargo suggests a positive outlook for Costco's stock, which could lead to a short-term price increase. The maintained Equal-Weight rating indicates a balanced view, but the raised target shows confidence in Costco's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100