Ross Stores price target raised to $84 from $80 at UBS

UBS raised the firm’s price target on Ross Stores to $84 from $80 and keeps a Sell rating on the shares. While the stock may have a near-term pop due to its quarterly results results, UBS doesn’t think sentiment will improve much from here, the analyst tells investors in a research note. The firm continues to believe a U.S. recession will weigh on Ross’ sales and earnings significantly.