UBS Upgrades Ross Stores to Buy as Productivity Gains Narrow Gap with TJ Maxx
UBS has upgraded Ross Stores (ROST) from neutral to buy, significantly raising its price target from $239 to $315. The upgrade is driven by expectations that new CEO James Conroy's leadership will continue to drive productivity improvements and close the efficiency gap currently held by main rival TJ Maxx. Analyst Jay Sole suggests that Ross's recent momentum in same-store sales is sustainable, projecting a revenue compound annual growth rate of approximately 8.5% over the next two years. This projection sits roughly 260 basis points above current market consensus estimates.
Topics: Price Target Increase Productivity Analysis Retail Sector Stock Upgrade
Part of the story UBS Upgrades Ross Stores to Buy as Productivity Gains Narrow Gap with TJ Maxx (2 articles)