Loop Capital lowered the firm’s price target on Ross Stores (ROST) to $170 from $175 and keeps a Buy rating on the shares. The company’s Q1 results were “fine” with a beat on earnings and comps, but its new management team is pulling the full year outlook on tariff-related uncertainty, the analyst tells investors in a research note. Ross mentioned that over half of the product it sells is sourced from China. and it’s not clear how much of this is likely to shift to other source countries, the firm added.
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