Ross Stores price target raised to $130 from $128 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Ross Stores (ROST) to $130 from $128 and keeps an Equal Weight rating on the shares. A slight Q2 beat and in-line guidance kept shares relatively muted in after-hours trading and “did little to shift” the firm’s view, says the analyst about what it calls “not a thesis-moving quarter.”