JPMorgan Sees More Upside For Costco As US Sales Outperform - Costco Wholesale (NASDAQ:COST)
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JPMorgan Sees More Upside For Costco As US Sales Outperform - Costco Wholesale (NASDAQ:COST)
J.P. Morgan analyst Christopher Horvers on Thursday reiterated a Overweight rating on the shares of Costco Wholesale Corp (NASDAQ:COST) and raised the price target from $1070 to $1088. Costco's U.S. core comparable sales rose 7.1% in April, surpassing expectations despite a calendar-related sales headwind from the Easter shift, said the analyst. U.S. store traffic climbed 5%, while total global traffic increased 4.2%, and the average transaction…
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