BMO Capital Markets raised its Costco Wholesale Corp. price target to $600 from $555, citing strong traffic, stabilizing gas margins, and the advantages of the retailer’s business model.
BMO Capital Markets raised its Costco Wholesale Corp.
price target to $600 from $555, citing strong traffic, stabilizing gas margins, and the advantages of the retailer’s business model. “Costco’s traffic remains strong with potentially favorable margins despite near-term big-ticket pressures, which could begin to cycle in late 2023/early 2024,” wrote BMO analyst Kelly Bania, in a note released Wednesday.
price target to $600 from $555, citing strong traffic, stabilizing gas margins, and the advantages of the retailer’s business model. “Costco’s traffic remains strong with potentially favorable margins despite near-term big-ticket pressures, which could begin to cycle in late 2023/early 2024,” wrote BMO analyst Kelly Bania, in a note released Wednesday.
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