Luzi Ann Santos | Moomoo News
$Ross Stores (ROST.US)$ saw its shares climb more than 8% as analysts upgraded the stock after the discount retailer reported better-than-expected financial results.
Shares soared 8.8% to $130.74 Friday morning, outperforming the S&P 500 and Nasdaq 100 which were both just little changed. The stock's rally took gains in the past year to 33%.
Morgan Stanley boosted its price target on Ross to $137, from $131, while BMO Capital raised it to $138, from $127.
Comparable store sales gained 5% in the third quarter. That’s better than the 3% expected by analysts polled by FactSet, MarketWatch reported earlier. Earnings per share for the 13 weeks ended Oct. 28 rose to $1.33, up from $1.00 per share a year, the company said.