Shannon Saccocia Likes Costco

On CNBC's "Fast Money Halftime Report," Shannon Saccocia discussed Jefferies' decision to upgrade Costco Wholesale Corporation COST from Hold to Buy. The analyst also raised the price target for the stock from $321 to $435.

Saccocia owns the stock and she agrees with the upgrade. She continues to like Costco and she sees it as a high conviction name. Saccocia believes that people who start buying at Costco almost always return and stay as a customer. She also likes the increase of non-essential spending in Costco.