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Fly News Breaks for May 24, 2018
ROST
May 24, 2018 | 20:46 EDT
Loop Capital analyst Laura Champine raised her price target on Ross Stores to $88 and kept her Buy rating after its Q1 results, saying that despite the post-items miss in the EPS, the company's "off-price model" is defensible longer term. The analyst expects the company to continue to capture market share from department stores and specialty retailers, even though the latest "mixed" results do temper her optimism.
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