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via finance.yahoo.comMarkets

Ross Stores rises as UBS upgrades shares to Buy on stronger sales outlook

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- UBS upgraded Ross Stores to Buy from Neutral and raised its price target to $315 from $239, saying the off-price retailer's recent same-store sales momentum can persist beyond this year and drive meaningful upward earnings revisions. Still guessing which stocks…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe rating upgrade with a $315 target can support the stock in the short term.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01UBS upgraded Ross Stores from Neutral to Buy.
  2. 02The price target rises from $239 to $315.
  3. 03The shares rose nearly 3% in early US trading on Monday.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Ross Stores, Inc.ROSTStock236.28 USD+0.63%today +3.04%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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