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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 07:54 EDT
Baird analyst Mark Altschwager noted Ross Stores Q4 results beat expectations with traffic/comp momentum continuing through the holiday which reinforced the relative strength in the off-price sector. He believes its guidance is based on financial conservatism rather than any change in the fundamental backdrop. Altschwager reiterated his Outperform rating and $124 price target on Ross Stores shares.
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