Wells Fargo analyst Ike Boruchow downgraded Ross Stores (ROST) to Equal Weight from Overweight with a $165 price target 2025 is set to be a “stock pickers tape” for the Retailing, Specialty Softlines, and E-Commerce sector, driven by recovery dynamics and idiosyncratic setups. The firm is cautiously optimistic on top-line following a choppy 2024, as U.S. demand appears healthy and stable, and Europe also appears to be stabilizing. Wells is moving to the sidelines and downgrading Ross Stores as it sees a more balanced outlook from here.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROST:
- Ross Stores downgraded to Equal Weight from Overweight at Wells Fargo
- Apple, Tesla downgraded: Wall Street’s top analyst calls
- Ross Stores downgraded to Market Perform from Outperform at Bernstein
- Early notable gainers among liquid option names on November 22nd
- Morning Movers: Gap gains and Destination XL sinks following earnings