Jefferies reaffirms its 'buy' recommendation on Costco Wholesale, with a price target raised from $725 to $755, following an update from the warehouse-store chain, marked by 'high-single-digit' sales growth in December.

"Footfall trended positively both globally and domestically, with December transactions turning positive, including the positive impact of foreign exchange and the negative impact of gasoline," the broker points out in the summary of its note.

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