JPMorgan ups Ross Stores target, adds to Analyst Focus List

JPMorgan analyst Matthew Boss raised the firm’s price target on Ross Stores (ROST) to $215 from $200 and keeps an Overweight rating on the shares. The firm also added Ross to its Analyst Focus List. Recent fieldwork suggests potential upside to the company’s Q4 same-store-sales, the analyst tells investors in a research note. JPMorgan upped its Q4 same-store-sales growth estimate to 5.5%, above management’s 3%-4% outlook.