Ross Stores, Inc.(NASDAQ:ROST) shares are trading higher on Friday.
Yesterday, the company reported better-than-expected second-quarter financial results and raised its outlook.
Ross Stores expects third-quarter earnings of between $1.35 and $1.41 per share, versus the $1.38 per share estimate, and earnings of between $1.60 and $1.67 per share for the fourth quarter.
Analysts covering the retail behemoth provided their takes:
- JP Morgananalyst Matthew R. Boss reiterated the Overweight rating on the stock, raising the price forecast to $173 from $168.
- Goldman Sachs analyst Brooke Roach reiterated the Buy rating on the stock, raising the price forecast to $185 from $167 prior.
- BofA...
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