Barclays analyst Adrienne Yih raised the firm’s price target on Ross Stores to $139 from $129 and keeps an Overweight rating on the shares. The company’s Q2 sales and earnings “cleanly beat expectations” as strong traffic drove comp sales up 5%, the analyst tells investors in a research note.
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Read More on ROST:
- Ross Stores Stock (NASDAQ:ROST) Jumps on Solid Beat and Raise Results
- Ross Stores jumps 5% to $118.15 after Q2 earnings beat, FY23 guidance raise
- Ross Stores raises FY23 EPS view to $5.15-$5.26, consensus $4.97
- Ross Stores sees Q3 EPS $1.16-$1.21, consensus $1.16
- Ross Stores reports Q2 EPS $1.32, consensus $1.16