Wells Fargo analyst Ike Boruchow raised the firm’s price target on Ross Stores (ROST) to $165 from $150 and keeps an Overweight rating on the shares. The company’s comps accelerated in Q2 while tariff pressures came in below plan, the analyst tells investors in a research note. The firm says that with demand ramping to exit the quarter, Ross provided “much-needed visibility” after pulling its guidance three months ago.
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