Costco: Jefferies raises target price

(CercleFinance.com) - Jefferies reinstates its 'buy' rating on Costco Wholesale shares, raising its target price for them from $725 to $755, following an update from the warehouse-store chain, marked by 'high-single-digit' sales growth in December.


Footfall was on the up both globally and domestically, with December transactions turning positive, including the positive impact of foreign exchange and the negative impact of gasoline, the broker summarises.


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