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Fly News Breaks for March 6, 2019
ROST
Mar 6, 2019 | 08:26 EDT
Credit Suisse analyst Michael Binetti raised his price target for Ross Stores to $100 from $95 after the company delivered "solid" Q4 EPS, despite a fashion miss in its biggest category - ladies apparel. The analyst notes that Ross Stores has a history of quickly fixing self-inflicted merch issues, and the stock historically looks past seasonal fashion missteps. Binetti reiterates an Outperform rating on the shares.
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