Ross Stores price target raised to $180 from $175 at Wells Fargo

Wells Fargo analyst Ike Boruchow raised the firm’s price target on Ross Stores (ROST) to $180 from $175 and keeps an Overweight rating on the shares. The stock is one of the firm’s favorite long ideas into EPS. Wells is also raising estimates and confidence levels as Ross has actually underperformed despite a fundamental inflection in the story that is likely taking place.