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Fly News Breaks for June 8, 2016
ROST
Jun 8, 2016 | 07:10 EDT
After meeting with Ross Stores' CFO, Wells Fargo says the company "has its arms around" last quarter's execution issue within the ladies apparel category that caused it to underperform versus its peers. The firm says that the company's other categories are outperforming, and Wells continues to recommend buying the stock. It keeps a $58-$60 price target and Outperform rating on the shares.
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