BofA/Merrill Lynch analyst Lorraine Hutchinson reiterated a Buy rating while raising estimates and her price target on Ross Stores, Inc. (NASDAQ: ROST) to $114.00 (from $95.00) following Q4 beat on +6% comps.

The firm raised FY 2016 EPS from $4.72 to $4.78 and FY 2017 EPS from $5.24 to $5.31.

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 $99.05 yesterday.