Ross Stores Shares Surge Ahead of Earnings Report

Ross Stores is witnessing significant institutional accumulation as several major investment firms substantially increase their positions in the discount retailer. This heightened activity comes just before the company’s crucial quarterly earnings announcement scheduled for November 20, with market analysts simultaneously raising their price targets.

Market researchers have been actively revising their outlook for Ross Stores. UBS adjusted its price objective upward from $147 to $163 while maintaining a neutral stance. Morgan Stanley followed suit, increasing their target from $130 to $142. Wells Fargo presented an even more optimistic view, boosting their projection from $175 to $180 alongside an overweight recommendation. Overall, twenty brokerage firms rate the company’s shares as “outperform” with an average price target of $164.45, suggesting Read more...