Costco stock (COST) jumps on Mizuho upgrade, $1,000 target as December sales update looms
Costco shares rose 2.2% to $873.54 midday Monday after Mizuho upgraded the stock to Outperform and raised its price target to $1,000. The broker said recent concerns over slowing membership and sales are exaggerated by new warehouse openings in existing markets. Costco’s December sales report is due Jan. 7.