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.
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