Evercore ISI raised the firm’s price target on Ross Stores (ROST) to $195 from $175 and keeps an Outperform rating on the shares after “strong” 7% same-store sales growth and “impressive” flow-through lead to an EPS beat against expectations. Ross’ initiatives and strong execution position it well for continued growth and leave potential for a further valuation re-rating as the company demonstrates consistent performance, the analyst tells investors.
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Read More on ROST:
- Positive Outlook for Ross Stores: Buy Rating Affirmed Amid Strategic Growth and Valuation Opportunity
- Ross Stores price target raised to $169 from $163 at UBS
- Ross Stores price target raised to $200 from $188 at JPMorgan
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