Stocks Fell Today. Costco's Shares Rose.
1. Costco's September sales rose 5% year-over-year to $26.6 billion. 2. Stock appreciated 3% on report, indicating investor optimism despite lower growth rate. 3. Global same-store sales increased 5.7%; digitally-enabled sales surged 26%. 4. Analysts remain bullish with a mean price target of $1,065. 5. Last year's sales growth was impacted by port strikes and a hurricane.