BofA lowered the firm’s price target on Ross Stores (ROST) to $175 from $180 and keeps a Buy rating on the shares. Ross continues to benefit from a trade down customer and strong merchandise availability, says the firm, which remains “confident in its ability to navigate tariffs.” Management pulled FY25 guidance on macro and tariff-related uncertainty, which “surprised us given its nimble model,” added BofA which is lowering its FY25 and FY26 EPS estimates by 2% each to $6.25 and $6.77, respectively, to reflect margin pressure from tariffs that it expects will be largest in Q2.
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Read More on ROST:
- Ross Stores price target lowered to $126 from $128 at Morgan Stanley
- 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