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Fly News Breaks for March 7, 2019
ROST
Mar 7, 2019 | 09:08 EDT
DA Davidson analyst John Morris raised his price target on Ross Stores to $92 but kept his Neutral rating, saying that while its Q4 earnings topped consensus, gross margins missed estimates as a result of higher freight and labor costs. The analyst also cites the management's more cautious commentary on Q1 "because women's (segment) is underperforming into the spring season" as a factor in his neutral stance.
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