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Costco Wholesale (COST) PT Raised to $777 at TD Cowen, 'Pullback creates buying opportunity'

March 11, 2024 10:18 AM EDT

TD Cowen analyst Oliver Chen raised the price target on Costco Wholesale (NASDAQ: COST) to $777.00 (from $700.00) while maintaining a Outperform rating.

The analyst comments "Early-Innings Digital Innovation. Pullback creates buying opportunity given +3-4% US traffic consistency, record 93% renewal rates & global unit growth... More