Shares of discount store operator Ross Stores ROST.O rise nearly 2.4% to $149.10 premarket
Co on Thursday topped quarterly profit estimates and reinstated its annual earnings forecast, betting on demand for discounted apparel and accessories as tariffs raise retail prices during the holiday season
J.P.Morgan raises PT by $4 to $160, maintaining an "overweight" stance on the stock
"We were pleased to see the improved trend at the end of the quarter, particularly with the early sales performance related to the back-to-school selling
season," said JPM
Barclays also raises PT to $164 from $156; stays "overweight", citing off-price stores are a safe bet, especially when shoppers are looking for good deals
Average rating of 19 analysts is "buy"; median PT is $162 - data compiled by LSEG
As of last close, ROST is down nearly 4% YTD
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