Costco stock closes above $1,000 as BofA restarts coverage ahead of earnings
Costco shares closed Friday up 2.44% at $1,010.79, outperforming a weaker U.S. market. Bank of America resumed coverage with a Buy rating and a $1,185 target, citing broad appeal. Costco will report fiscal Q2 earnings and February sales on March 5. Zacks estimates revenue at $69.22 billion and EPS at $4.53 for the quarter.