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Fly News Breaks for November 11, 2019
ROST
Nov 11, 2019 | 06:15 EDT
RBC Capital analyst Kate Fitzsimons initiated coverage of Ross Stores with an Outperform rating and $120 price target. The analyst is positive on the company's continued "story" of market share gains with potential for margins to "at least" stabilize from the pressure of 2018-2019 as freight headwinds subside and the impact of inventory controls is felt. Fitzsimons adds that the "attractive buying environment" should further help Ross Stores to balance out the rising wage trends.
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