Morgan Stanley lowered the firm’s price target on Ross Stores (ROST) to $126 from $128 and keeps an Equal Weight rating on the shares. Ross’ Q1 EPS beat was overshadowed by withdrawn fiscal year guidance, below-Marmaxx (TJX) comps, and Q2 guidance set below the Street, the analyst tells investors. The firm was more negative on Ross than consensus and investors heading into the print and it thinks the Q1 report “validated that view,” the analyst added.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROST:
- Ross Stores price target lowered to $170 from $175 at Loop Capital
- Ross Stores Faces Margin Pressures and Pricing Challenges Amid Market Share Gains
- Ross Stores price target lowered to $150 from $155 at Wells Fargo
- Ross Stores: Navigating Tariff Challenges with Strategic Agility and Strong Sales Performance
- Resilient Performance and Prudent Strategy: Ross Stores Receives Buy Rating Amid Volatile Retail Environment