Argus increases its price target on Buy-rated Costco (COST +0.1%) by $10 to take it to $110 with...

|About: Costco Wholesale Corporation (COST)|By:, SA News Editor

Argus increases its price target on Buy-rated Costco (COST +0.1%) by $10 to take it to $110 with its view that higher gas prices will bring in additional traffic to Costco stores. The retail name also landed on Morgan Stanley's narrow list of the top retail, food, or drug stocks for investors to be long for the remainder of 2012.