This Analyst Expects Solid October Sales Report From Costco


Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on the shares of Costco Wholesale Corp (COST) with a price target of $590.00.

The analyst estimates total comparable sales for October to be 4.3% versus 17.5% last year. Feldman said the company’s October sales should benefit from high food and overall inflation, which pushes consumers to the store in search for value.

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