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We are increasing our price target for Costco after another stable quarter confirms our thesis

Customers walk past the membership counter of a Costco store on July 11, 2024 in Richmond, California.

Justin Sullivan | Getty Images

Costco reported poor quarterly results on Thursday, with a small drop in sales more than offset by strong profitability and a rise in profits. The report didn't blow us away, but it still gave us plenty of reminders of why Costco investors should stick around.

By Vanessa

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