Ross Stores, Inc. (ROST) PT Lowered to $81 at Cowen

May 20, 2022 12:15 PM EDT
Get Alerts ROST Hot Sheet
Price: $72.78 --0%

Rating Summary:
    22 Buy, 13 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 11 | New: 39
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Cowen analyst John Kernan lowered the price target on Ross Stores, Inc. (NASDAQ: ROST) to $81.00 (from $108.00) while maintaining a Market Perform rating following weak earnings results.

The analyst commented, "Worst SSS result in 20+ years with SSS -7% - we note that the worst quarterly SSS reported in the Global Financial Crisis was -1% in Q4:09. The competitive environment, supply chain, ESG costs, inflation and overall outlook for the entire Specialty Retail sector is entering a multi-year secular turn characterized by high volatility, lower margins/returns on capital for most and lower valuations."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Cowen & Co, Earnings