Costco (COST) and Chewy (CHWY) Ahead of Earnings

e raised our price target on Costco (COST) to $548 from $493, says Arun Sundaram of CFRA Research. CFRA keeps a hold rating on Costco. They think think it is a core holding in every investor's portfolio. CFRA expects Costco to be well positioned from an inventory and staffing position ahead of the holiday season. George shows an iron condor trade on Costco. CFRA has a hold rating on Chewy (CHWY) with a price target of $65. Arun points out Chewy's annual sales have more than doubled over the past two years.

Morning Trade Live

09 Dec 2021

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