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Ross Stores price target raised to $226 from $199 at Guggenheim

Guggenheim analyst Simeon Siegel raised the firm’s price target on Ross Stores (ROST) to $226 from $199 and keeps a Buy rating on the shares after the company reported a “strong beat.” With a “very strong start” to Spring, guiding Q1 comps up 7%-8% “appears likely conservative,” the analyst tells investors in a post-Q4 note.

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