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News Breaks | | | | January 24, 2013 | | 12:59 EDT |  | ROST | Ross Stores advances following Credit Suisse upgrade
Ross Stores (ROST) is climbing after Credit Suisse analyst Michael Exstein upgraded the stock to Outperform from Neutral in a note to investors earlier today. Ross Stores is benefiting from transitions at competitors J.C. Penney (JCP) and Kohl's (KSS), as well as recent bankruptcies by other discount retailers, including SYMS and Daffy's, Exstein wrote. Moreover, Exstein expects Ross Stores to launch an e-commerce initiative "sooner rather than later," as many of its peers have already done. An e-commerce strategy is becoming increasingly important for retailers, the analyst believes. Exstein increased his price target on the stock to $68 from $60 and named it a Top Pick for 2013. In early afternoon trading, Ross rose $1.92, or 3.24%, to $61.01. | |
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News For ROST From The Last 14 Days Check below for free stories on ROST the last two weeks. |
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| June 17, 2013 | | 07:50 EDT |  | ROST | Ross Stores recommended on pullbacks at Morgan Stanley
 Subscribe for More Information | | | June 13, 2013 | | 10:05 EDT |  | ROST | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 09:12 EDT | | ROST | Ross Stores upgraded at Sterne Agee
Subscribe for More Information | | | 06:07 EDT | | ROST | Ross Stores upgraded to Buy from Neutral at Sterne Agee
Price target is $75. | |
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