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Fly News Breaks for May 14, 2019
ROST
May 14, 2019 | 09:02 EDT
Baird analyst Mark Altschwager initiated Ross Stores with an Outperform rating and $108 price target, telling investors in a research note that "there is a lot to like" about the off-price retailer, including "strong" management, "consistent" comp growth and "healthy" margins. While recent executive turnover adds a risk factor, the analyst says he sees a "deep bench" and thinks shares offer a good "deal" for investors looking for a high-quality/growth retailer trading at reasonable valuation.
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