Telsey Advisory raised the firm’s price target on Ross Stores to $135 from $130 and keeps a Market Perform rating on the shares. The company’s Q3 earnings upside was driven by healthy sales and gross margin outperformance, the analyst tells investors in a research note. However, the firm says Ross’s Q4 outlook reflects caution and difficult compares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ROST:
- Early notable gainers among liquid option names on November 17th
- Ross Stores price target raised to $140 from $135 at Loop Capital
- Ross Stores price target raised to $142 from $140 at Evercore ISI
- Ross Stores price target raised to $140 from $135 at Wells Fargo
- Ross Stores price target raised to $142 from $135 at Baird