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ROST

Ross Stores

$113.01

0.75 (0.67%)

07:42
10/18/19
10/18
07:42
10/18/19
07:42

Ross Stores price target raised to $130 from $120 at Credit Suisse

Credit Suisse analyst Michael Binetti raised his price target for Outperform-rated Ross Stores to $130 from $120, saying he sees near-term sources of same-store sales upside from improving ladies' apparel and better inventory availability, plus increasing visibility in an EPS acceleration back to its double digit EPS growth algorithm in 2020.

ROST Ross Stores
$113.01

0.75 (0.67%)

08/16/19
08/16/19
UPGRADE
Target $60

Buy
TJX upgraded to Buy at Loop Capital on off-price momentum
As previously reported, Loop Capital analyst Laura Champine upgraded TJX (TJX) to Buy and raised her price target to $60 from $50 as part of her broader "Deep Dive" research note into off-price retailers, saying her model changes are driven by the continued market share gains at the expense of the department and specialty stores. The analyst also raised her price target by $5 on Buy-rated Burlington Stores (BURL) and Ross Stores (ROST) to $200 and $120 respectively, citing her recent round of store checks at all 3 companies that showed "improving brand availability, attractive assortments, and healthy traffic trends." Champine believes that these chains can benefit from market dislocations as retailers increasingly worry about the impact of tariffs impacting product costs.
08/23/19
DBAB
08/23/19
NO CHANGE
Target $113
DBAB
Buy
Ross Stores price target raised to $113 from $107 at Deutsche Bank
Deutsche Bank analyst Paul Trussell raised his price target on Ross Stores to $113 and kept his Buy rating after its Q2 earnings beat, saying that the quarter's 3% comps growth was also better than his expected 2% increase. The analyst notes that the stronger comp came in spite of the ongoing challenges in ladies' apparel business, while the company also outperformed Marmaxx for the first time since Q4 of 2017 and registered a 300bps sequential acceleration on a two-year stack basis. Trussell further states that Ross Stores' Q3 outlook may be conservative since it assumes the management's usual 1%-2% SSS increase but faces "one of the easiest comparisons of the year".
08/23/19
WELS
08/23/19
NO CHANGE
Target $116
WELS
Outperform
Ross Stores price target raised to $116 from $104 at Wells Fargo
Wells Fargo analyst Ike Boruchow raised his price target for Ross Stores to $116 from $104 and maintained an Outperform rating, saying that while the majority of retail continues to struggle, the off-price space continues to outperform. Ross delivered a "solid" Q2 print, while leaving a very "Ross Stores-like" outlook for the second half of the year. According to Boruchow, Ross actually tweaked down their EPS guide for the fiscal year as they are taking a conservative view on tariffs and wanted to ''put up the guard rails'' now rather than wait for later in the year to bring the news.
08/26/19
DADA
08/26/19
NO CHANGE
Target $105
DADA
Neutral
Ross Stores price target raised to $105 from $92 at DA Davidson
DA Davidson analyst John Morris raised his price target on Ross Stores to $105 after its Q2 results that showed an incremental improvement in women's category. The analyst is also keeping his Neutral rating, saying the company's Q2 earnings beat would have been in-line if not for the 2c benefit from an expense timing shift. Morris further believes that Ross Stores Q3 guidance was "conservative" in accounting for the impact of the recent news on the List 4 tariffs on apparel and footwear categories but "respectable", calling for comp growth of 1%-2%, while also citing his expected decline in freight related costs abating in the back half of 2019.

TODAY'S FREE FLY STORIES

PLMR

Palomar

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ASAZY

Assa Abloy

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RXEEY

Rexel

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(0.00%)

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TATYY

Tate & Lyle

$0.00

(0.00%)

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AUO

AU Optronics

$0.00

(0.00%)

20:20
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LPL

LG Display

$6.22

0.115 (1.89%)

20:17
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ETNB

89bio

$28.38

0.86 (3.13%)

20:16
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ANIOY

Acerinox

$0.00

(0.00%)

20:15
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12/08
20:15
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20:15
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Acerinox rating change at Jefferies »

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BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

20:15
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Conference/Events
Blueprint Medicines to hold an anlayst and investor event »

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TLSNY

Telia

$0.00

(0.00%)

20:14
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Downgrade
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ARWR

Arrowhead

$67.25

1.705 (2.60%)

20:13
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ARGX

Argenx

$147.31

-2.56 (-1.71%)

20:08
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STC

Stewart

$43.16

0.28 (0.65%)

19:56
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Stewart rating change at Keefe Bruyette »

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FAF

First American

$63.05

(0.00%)

19:55
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19:55
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19:55
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PFSI

PennyMac Financial

$33.91

0.12 (0.36%)

19:54
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19:54
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19:54
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PennyMac Financial rating change at Keefe Bruyette »

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AGIO

Agios Pharmaceuticals

$40.93

0.81 (2.02%)

18:40
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18:40
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BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

18:34
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FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

18:29
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RCKT

Rocket Pharmaceuticals

$22.37

2.61 (13.21%)

18:05
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ARGX

Argenx

$147.31

-2.56 (-1.71%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

18:03
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ARGX

Argenx

$147.31

-2.56 (-1.71%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

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BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

17:58
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17:58
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17:58
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Piper says…

BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

AMGN

Amgen

$233.74

0.3 (0.13%)

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

REGN

Regeneron

$372.26

4.02 (1.09%)

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BGNE

BeiGene

$186.89

-2.3 (-1.22%)

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LLY

Eli Lilly

$119.59

-0.175 (-0.15%)

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BMY

Bristol-Myers

$59.94

0.435 (0.73%)

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QURE

uniQure

$66.06

1.5 (2.32%)

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