Costco Wholesale Corporation (NASDAQ:COST) received a bullish stance from analyst Phillip Blee due to its impressive October performance. The company reported net sales of $21.75 billion, up 8.6% from last year, attributing its success to strategic product changes and a strong merchandising team.

Despite softer international market performance, Costco’s valuation remains justified by its consistent consumer sector performance. The company’s adaptability, limited SKU assortment, and appeal to higher-income consumers position it well for the holiday season, making it a market leader according to Blee.

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Read more at Yahoo Finance: William Blair Maintains Bullish Stance on Costco Wholesale (COST) Stock