Goldman Sachs keeps a Buy rating and $188 price target on Ross Stores (ROST) after meeting with its management team. The company is focused on driving comp growth, with the strategy still driven by merchandising but increasingly supported by stronger marketing and store experience, the analyst tells investors in a research note. The firm is encouraged by the changes underway at Ross Stores and believes these actions could help to drive stronger market share capture over time, Goldman added.
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Read More on ROST:
- Ross Stores’ Strategic Initiatives and Operational Efficiencies Support Buy Rating
- Ross Stores opens 19 new locations in March
- Ross Stores’ Earnings Call: Strong 2024, Cautious 2025
- Ross Stores price target lowered to $156 from $168 at BMO Capital
- Ross Stores price target lowered to $150 from $175 at Telsey Advisory
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