Ross Stores price target raised to $244 from $214 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Ross Stores (ROST) to $244 from $214 and keeps a Buy rating on the shares. Ross Stores delivered another strong quarter, gaining momentum across marketing, merchandising, and operations, and outperforming TJX’s (TJX) Marmaxx for the second straight quarter, the analyst tells investors in a research note. Growth was transaction-driven without increased marketing spend, alongside improving new store productivity, stronger merchandise margins, and confidence in faster store expansion, the firm says.