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Fly News Breaks for January 24, 2019
ROST
Jan 24, 2019 | 06:10 EDT
Loop Capital analyst Laura Champine raised her price target on Ross Stores to $105 and kept her Buy rating, saying she is increasing her store growth assumptions and updating her expense leverage forecasts. The analyst notes that the working class customers of Ross Stores are benefiting from wage inflation and a healthy job market, forecasting the company to continue taking market share. Champine adds that while Ross Stores has outperformed S&P500 this month, its resilient business model justifies the Buy rating.
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