Ross Stores, Inc. (ROST) PT Lowered to $67 at RBC Capital Following 1Q Results
RBC Capital lowered its price target on Ross Stores, Inc. (NASDAQ: ROST) to $67.00 (from $70.00) while maintaining a Sector Perform rating. ROST reported Q1 comps and EPS of +3% and $0.82, in line with expectations.
Outperformance this quarter gives analyst Brian Tunick increased confidence in LT share gains and the robust EPS algo for DD growth.