TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  The Motley Fool

Why Costco Stock Slipped Today

The Motley Fool Logo The Motley Fool By Eric Volkman
Why Costco Stock Slipped Today

Costco reported October sales of $21.75 billion, a 9% year-over-year increase, with comparable sales rising 6.6%. Despite solid performance, an analyst reduced the price target, causing a mild stock decline.

Insights
COST   neutral

Strong sales growth (9% YoY) was offset by a price target reduction from J.P. Morgan analyst due to potential business impact from government shutdown