Ross Stores price target raised to $165 from $140 at Guggenheim

Guggenheim raised the firm’s price target on Ross Stores to $165 from $140 and keeps a Buy rating on the shares. Given the sustained momentum and upbeat Q4 results, the firm is increasing its FY24 EPS estimate to $5.90 from $5.75 and establishing a FY25 EPS estimate of $6.50, the analyst tells investors in a post-earnings note.