Morgan Stanley Maintains Overweight on Ross Stores, Raises Price Target to $131
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Kimberly Greenberger has maintained an 'Overweight' rating on Ross Stores (NASDAQ:ROST) and raised the price target from $130 to $131.
August 18, 2023 | 1:52 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an 'Overweight' rating on Ross Stores and raised the price target, indicating a positive outlook for the stock.
The 'Overweight' rating maintained by Morgan Stanley indicates that they believe Ross Stores' stock will outperform the average return of the stocks they cover. The increase in price target from $130 to $131 suggests they expect the stock's price to rise. This is likely to have a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100