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COST - Costco Wholesale News Story

$380.88 -3.9  -1.0%

Last Trade - 18/06/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £121.93bn
Enterprise Value £119.73bn
Revenue £135.16bn
Position in Universe 67th / 6927

BUZZ-Costco: Jumps 2% as brokerages raise PTs on strong sales

Thu 6th May, 2021 5:13pm
** Wholesale retailer's shares  COST.O  up 2.2% at $380.75,
their highest since early January 
    ** Costco's April sales up by over a third to $15.2 bln due
to more store visits than last year when shoppers rushed online
to stockpile groceries  urn:newsml:reuters.com:*:nASA02476
    ** Brokerages including JP Morgan, Telsey, RBC, Deutsche
Bank and Stifel raise price targets
    ** More than 922,000 shares traded vs 25-day moving avg of
about 2 mln
    ** Twenty-four of 34 brokerages rate the stock "buy" or
higher, 9 "hold" and 1 "sell" or lower; their median PT is $400
- Refinitiv data
    ** Up to Wednesday's close, stock had risen 24% in the past
year

 (Reporting by Richa Naidu)
 ((richa.naidu@tr.com))
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