Ross Stores upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded Ross Stores (ROST) and named it a Top Pick for 2013. The firm expects Ross Stores to benefit from Kohls' (KSS) and JC Penny's (JCP) repositioning and views valuation as attractive ahead of a 2H 2013 sales rebound. Price target raised to $68 from $60.
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Ross Stores sees Q1 EPS $1.06-$1.07, consensus $1.05 This updated range includes an approximate 2c benefit versus our original projections related to the favorable timing of expenses that are expected to shift into subsequent quarters within the fiscal year.
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