Wedbush Starts Ross Stores, Inc. (ROST) at Outperform
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Price: $229.61 -2.16%
Rating Summary:
28 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 20
Rating Summary:
28 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 20
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Wedbush initiated coverage on Ross Stores, Inc. (NASDAQ: ROST) with an Outperform rating and price target of $83.00.
Analyst Morry Brown said, "2014 sets up well for off-price. We highlight the following catalysts for the off-price sector in 2014: (1) SSS acceleration driven by the easiest comparisons since 2008 and improving consumer spending, (2) a favorable buying environment following below-plan Holiday sales across most of retail, (3) ongoing market share gains, (4) lack of secular headwinds faced by specialty retail peers."
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 $71.69 yesterday.
Analyst Morry Brown said, "2014 sets up well for off-price. We highlight the following catalysts for the off-price sector in 2014: (1) SSS acceleration driven by the easiest comparisons since 2008 and improving consumer spending, (2) a favorable buying environment following below-plan Holiday sales across most of retail, (3) ongoing market share gains, (4) lack of secular headwinds faced by specialty retail peers."
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 $71.69 yesterday.
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