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Fly News Breaks for March 4, 2020
ROST
Mar 4, 2020 | 08:43 EDT
Wells Fargo analyst Ike Boruchow lowered the firm's price target on Ross Stores to $120 from $125 and keeps an Equal Weight rating on the shares. The analyst notes that the company's "Q4 print was good...not great." Given the strong outperformance already reported in the off-price sector, the bar was high, and he does not think results were good enough relative to expectations.
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