Jefferies Reiterates Buy Rating on Costco Wholesale (COST)

Jefferies analyst Corey Tarlowe reiterated a Buy rating and $1,050.00 price target on Costco Wholesale (NASDAQ: COST).

The analyst comments "COST experienced net sales growth of 8.5% in December, with core comparable sales increasing by 6.2%. Ticket and traffic were both positive. By category, Fresh accelerated while the other categories were positive. Non-Foods comped up MSD%, led by jewelry, tires, and small and major appliances during the key Holiday selling season. We view this print as positive for the durability of COST's membership model. Raising our Q2 comp and EPS est"

For an analyst ratings summary and ratings history on Costco Wholesale click here. For more ratings news on Costco Wholesale click here.

Shares of Costco Wholesale closed at $882.58 yesterday.

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