BofA raised the firm’s price target on Ross Stores (ROST) to $200 from $175 and keeps a Buy rating on the shares. The firm is increasing its FY25 and FY26 EPS estimates by 5% and 4%, respectively, to reflect an improved sales outlook, telling investors after earnings that it believes Ross is reaping the benefits of a better assortment and store investments with accelerating comps.
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Read More on ROST:
- Ross Stores: Balancing Recent Gains with Historical Caution – A Hold Recommendation
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