Midday Wrap: Costco Climbs as Analysts Still Love Stock

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A disappointing fourth quarter release wasn't enough to knock Costco (COST) - Get Report off of its upward trajectory Friday as the stock gained 0.7% despite the soft quarter. 

The company was the subject of numerous bullish analyst notes Friday after reporting soft comps and revenue on earnings that took a 22 cent tax charge in the period. 

Cowen & Co.'s Oliver Chen kept his Outperform rating and $325 price target on the company. Gordon Haskett's Chuck Grom reiterated an Accumulate rating and $330 price target. Stifel's Mark Astrachan has a Buy rating and $310 price target. Telsey Advisory Group's Joseph Feldman reiterated an Outperform rating and raised his price target by $10 to $315 following the report.

Costco shares are up nearly 45% year to date. 

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