Ross Stores price target raised to $170 from $150 at Loop Capital

Loop Capital analyst Laura Champine raised the firm’s price target on Ross Stores to $170 from $150 and keeps a Buy rating on the shares. The company’s Q4 comps of up 7% was well above the 3% consensus, and the management provided what is likely to be a “conservative outlook” for same-store-sales growth this year in the 2%-3% range, the analyst tells investors in a research note. The firm adds that it recommends shares of Ross to investors given the company’s “consistent execution”.