COST - Costco Exceeds Expectations With 4.5% September Sales Growth: Analyst Raises Price Target To $600 | Benzinga
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on the shares of Costco Wholesale Corporation (NASDAQ: COST) and raised the price target from $575 to $600.
Costco reported better-than-anticipated September total comparable sales growth of 4.5% versus the analyst's view of 3.8%.
In September, total traffic increased +4.9% while the average ticket fell 0.3%. The ticket decrease was related to softer sales of discretionary products, partly ...