Ross Stores price target raised to $220 from $175 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Ross Stores (ROST) to $220 from $175 and keeps a Market Perform rating on the shares following a “solid” holiday season. Ross continues to benefit from value-seeking consumers, but its core lower-income customer remains under pressure, limiting near-term visibility, the analyst tells investors.