Evercore ISI raised the firm’s price target on Ross Stores to $165 from $155 and keeps an Outperform rating on the shares. The firm thinks the Offpricers came into FY24 with the right strategy and Ross’ “far better than expected” Q1 results bolster its conviction in that view, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROST:
- 3 Best Stocks to Buy Now, 5/24/2024, According to Top Analysts
- Options Volatility and Implied Earnings Moves Today, May 23, 2024
- Ross Stores (ROST) Q1 Earnings Cheat Sheet
- Ross Stores (NASDAQ:ROST): This “Strong Buy” Stock Is a Surprising Bargain
- Ross Stores price target lowered to $159 from $161 at Morgan Stanley