Shares of Costco Wholesale Corporation have lost more than 13% this month. The company, which is scheduled to report December sales after markets close on Jan. 5, could announce strong numbers, according to Telsey Advisory Group.
The Costco Analyst: Joseph Feldman reiterated an Outperform rating on Costco with a $580 price target. The Costco Takeaways: The company’s sales in December may continue to benefit from high food prices and overall inflation, “which pushes consumers to the store in a search for value,” Feldman said in a Thursday note.
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