Wells Fargo raised the firm’s price target on Ross Stores (ROST) to $175 from $165 and keeps an Overweight rating on the shares after hosting the company’s team for meetings. Big picture, following numerous changes at the org over the past 12-plus months, the firm is observing renewed signs of stability, visibility and confidence in the model.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROST:
- Nvidia reportedly stops H20 AI chip output for China: Morning Buzz
- Ross Stores price target raised to $160 from $150 at Telsey Advisory
- Ross Stores price target raised to $162 from $161 at TD Cowen
- Morning Movers: Cenovus Energy rises following deal to acquire MEG Energy
- Ross Stores price target raised to $170 from $160 at Baird