Baird lowered the firm’s price target on Ross Stores (ROST) to $175 from $180 and keeps an Outperform rating on the shares. The firm said they delivered EPS ahead of consensus despite a modest shortfall on comps due to weather, some execution headwinds; consistent with softer checks in the quarter. Trends have improved as weather headwinds have dissipated, and guidance embeds acceleration in FQ4; an encouraging sign of confidence given management’s track record.
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