Morgan Stanley Maintains Overweight on Ross Stores, Raises Price Target to $137
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Kimberly Greenberger has maintained an Overweight rating on Ross Stores (NASDAQ:ROST) and increased the price target from $131 to $137.
November 17, 2023 | 1:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Morgan Stanley's analyst has reaffirmed an Overweight rating on Ross Stores and raised the price target, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a strong conviction in the company's future performance. This typically instills confidence in investors and can lead to a short-term increase in the stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100