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Fly News Breaks for March 6, 2019
ROST
Mar 6, 2019 | 09:06 EDT
Wells Fargo analyst Ike Boruchow raised his price target for Ross Stores to $104 from $92, while reiterating an Outperform rating on the shares. The analyst acknowledges that the ladies apparel slip up was "disappointing," but he does not view the issue as having any type of long-term impact on the business trajectory. Further, Boruchow thinks the sector remains very well positioned to capitalize on the recent slowdown in retail performance, and industry margin headwinds appear to be stabilizing.
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