Costco Wholesale Corp.
(NASDAQ:COST) stock fell Friday, underperforming a mixed broader market.
The Nasdaq Composite slipped 0.11%, while the S&P 500 rose 0.14%.
Analyst Target Cut Weighs on Sentiment Investor sentiment remained subdued after JPMorgan lowered its price forecast on Costco to $1,100 from $1,110 while reiterating its Overweight rating.
The small reduction suggests the firm remains positive on the retailer's long-term outlook but sees slightly less near-term upside following the stock's recent run.
