Ross Stores price target raised to $154 from $141 at JPMorgan

JPMorgan raised the firm’s price target on Ross Stores (ROST) to $154 from $141 and keeps an Overweight rating on the shares after meeting with management. With the company’s merchandising restored to a “steady-state baseline,” Ross outlined the “next leg” of its overhaul playbook with incremental opportunity cited across both marketing and store experience, the analyst tells investors in a research note.