Ross Stores upgraded to Buy from Hold at Jefferies

Jefferies analyst Corey Tarlowe upgraded Ross Stores (ROST) to Buy from Hold with a price target of $150, up from $135. Ross Stores is well-positioned to outperform as comps should accelerate through the end of the year, and EBIT should expand by 170 basis points over the next three years, the analyst tells investors in a research note.