Nomura Securities Reiterates a 'Buy' on Ross Stores, Inc. (ROST); Strong March - Still Upside in Off-Price

Nomura Securities reiterates a 'Buy' on Ross Stores, Inc. (NASDAQ: ROST) price target raised from $58 to $65.

Analyst, Paul Lejuez, said, "For ROST, much of their store base (~30%) is in the West, which was not helped by weather...based on strong Mar results and an increase to our comp forecasts for the remainder of the year, we are raising our 1Q12E from $0.92 to $0.96 and our F12E from $3.41 to $3.51."

For an analyst ratings summary and ratings history on Ross Stores, Inc. click here. For more ratings news on Ross Stores, Inc. click here.

Shares of Ross Stores, Inc. closed at $59.81 yesterday.

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