- The shares of Costco Wholesale Corporation (NASDAQ: COST) have received a $606 price target from Truist. These are the details.
The shares of Costco Wholesale Corporation (NASDAQ: COST) have received a $606 price target from Truist. And Truist analyst Scot Ciccarelli initiated coverage of Costco with a “Buy” rating.
Ciccarelli pointed out that due to its size and purchasing concentration, Costco has nearly unrivaled buying power. Plus Ciccarelli believes that the extreme value the company offers to its members likely provides it with the highest barriers to entry in retail.
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