Deutsche Bank Upgrades Ross Stores, Inc. (ROST) to Buy

Deutsche Bank upgraded Ross Stores, Inc. (NASDAQ: ROST) from Hold to Buy with a price target of $66.00.

The firm cited: (1) a flexible business model that should deliver better-than-expected sales and EPS growth in an uncertain environment, (2) above-average square footage growth due to market share gain potential, (3) comps should improve through the year as comparisons ease, and (4) recent underperformance despite last week’s pop, which leads to a compelling valuation.

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 $56.82 yesterday.

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