BUZZ-Costco falls after Q4 results; brokerages hike PT

Updates

** Shares of Costco Wholesale COST.O down as much as 3% at $874 in early trading, set for worst day since July 11

** Co on Thursday missed market expectations for Q4 revenue, hurt by lower gasoline prices and cautious consumer spending on pricier items at its membership-only stores

** Reports Q4 revenue of $79.70 bln vs analysts' avg. estimate of $79.97 bln - LSEG data

** At least eight brokerages raise target price

** We continue to be encouraged by COST's momentum in e-commerce growth and while valuation has expanded to new highs, COST remains attractive in our view, says BMO's Kelly Bania

** Roth MKM raises PT to $755 from $676, citing higher numbers - strong share gains, unit expansion opportunities, gains in young households and high ROIC opportunities for reinvestment

** 24 of 38 brokerages rate stock "buy" or higher, 14 "hold"; their median PT is $940

** As of last close, COST up 36.6% YTD

(Reporting by Sukriti Gupta and Neil J Kanatt)

((Sukriti.Gupta@thomsonreuters.com;))