Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Ross Stores (ROST) to $150 from $175 and keeps a Market Perform rating on the shares. The company finished FY24 with a “mixed bag,” with sales and gross below margin upside, the analyst tells investors. While the firm continues to believe the company can benefit from lower-to-middle income consumers seeking value, Ross Stores’ core lower-income customer may be experiencing increased pressure due to policy shifts.
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Read More on ROST:
- Ross Stores price target lowered to $175 from $190 at Loop Capital
- Ross Stores price target lowered to $169 from $175 at TD Cowen
- Ross Stores price target lowered to $130 from $140 at Morgan Stanley
- Ross Stores price target lowered to $163 from $168 at UBS
- Ross Stores: Strategic Positioning and Financial Resilience Justify Buy Rating
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