Costco's Unique Retail Model And Solid Growth Stand Out In Challenging Market: Analysts

JP Morgan analyst Christopher Horvers reiterated the Overweight rating on Costco Wholesale Corporation COST with a price forecast of $1,090.The analyst suggests that the ongoing global momentum in the business, share gains across various sectors and geographies (including e-commerce growth), and the company’s leverage to a cyclical upswing in big-ticket items (about 20% of the comp) contribute to its strong performance.Additionally, the emerging benefits from advertising revenue make Costco’s fundamental st ...