Barclays raised the firm’s price target on Ross Stores (ROST) to $183 from $164 and keeps an Overweight rating on the shares. The company’s Q3 report “cleanly beat” and its comparable sales growth of 7% was driven by broad-based strength, the analyst tells investors in a research note.
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Read More on ROST:
- Ross Stores Exceeds Earnings Guidance, Raises Outlook
- Ross Stores’ Strong Performance and Growth Potential: A Buy Rating with Increased Target Price
- Ross Stores: Balancing Strong Q3 Performance with Future Challenges – Hold Rating Maintained
- Closing Bell Movers: Elastic down 12% despite beat and raise
- Ross Stores reports Q3 EPS $1.58, consensus $1.42