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Ross Stores price target lowered to $120 from $121 at Deutsche Bank
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Ross Stores price target lowered to $120 from $121 at Deutsche Bank

Deutsche Bank analyst Gabriella Carbone lowered the firm’s price target on Ross Stores to $120 from $121 and keeps a Buy rating on the shares. Ross Stores posted "solid" Q4 results, with its EPS coming in ahead of Street expectations driven by better than expected top-line trends, the analyst tells investors. Meanwhile, gross profit margins came in slightly below Street expectations, which is believed to be primarily impacted by higher distribution expenses. Lastly, EBIT margin beat Street estimates and came in above the company’s guidance, Deutsche Bank adds.

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