Wells Fargo lowered the firm’s price target on Ross Stores (ROST) to $150 from $155 and keeps an Overweight rating on the shares following a tough Q1 print. The firm notes that there are several issues to contend with, including Q1 comparable sales inline, tariff pressure that is in fact material and FY guidance pulled due to uncertainty.
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Read More on ROST:
- 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
- Resilient Growth Potential: Ike Boruchow’s Buy Rating on Ross Stores Amid Tariff Challenges
- Ross Stores price target lowered to $141 from $161 at JPMorgan
- Ross Stores price target lowered to $156 from $157 at Barclays