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Fly News Breaks for February 27, 2015
ROST
Feb 27, 2015 | 09:33 EDT
SunTrust believes that Ross Stores reported blowout Q4 results, while its guidance is conservative. The firm keeps a $114 price target and Buy rating.
News For ROST From the Last 2 Days
ROST
May 6, 2024 | 06:20 EDT
Morgan Stanley lowered the firm's price target on Ross Stores to $159 from $161 and keeps an Overweight rating on the shares. In a preview for the retail softlines group, the firm notes that positioning has become incrementally bearish on fears of a demand slowdown, but it is forecasting "another quarter of nearly universal EPS upside" and sees minimal risk of FY24 guidance reductions on the Q1 prints. "To us, this means the risk-reward skews to the upside" in the near-term among the group, the analyst tells investors.
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