Browsing: Ross

UBS has turned more bullish on Ross Stores after identifying scope to improve store productivity under CEO James Conroy. The bank upgraded the retailer to Buy from Neutral on October 26 and raised its price target to 315 US dollars from 239 US dollars

UBS has upgraded Ross Stores Inc (NASDAQ:ROST), the US discount retailer, to ‘buy’ from ‘neutral’ and raised its price target by 32% to $315, forecasting 37% upside as improving store productivity drives earnings growth.

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