Costco Wholesale (COST) PT Raised to $190 at Morgan Stanley on 3Q Report; 'Good Bounceback Quarter'
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Price: $946.32 -0.65%
Rating Summary:
28 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 23 | New: 95
Rating Summary:
28 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 23 | New: 95
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Morgan Stanley raised its price target on Costco Wholesale (NASDAQ: COST) to $190.00 (from $180.00) while maintaining a Overweight rating, following the company's third quarter earnings report.
Analyst Simeon Gutman notes the company delivered third quarter earnings per share and revenues above consensus projections, despite a tough retail backdrop, as management benefits from a strong membership model and high retention resulting in incremental traffic growth.
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