Citigroup Maintains Buy on Ross Stores, Raises Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez has maintained a Buy rating on Ross Stores (NASDAQ:ROST) and increased the price target from $147 to $172.

March 06, 2024 | 1:41 pm
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Citigroup has reaffirmed its Buy rating on Ross Stores and raised the price target from $147 to $172.
The upgrade in price target by a reputable analyst like Paul Lejuez from Citigroup is a strong positive signal for Ross Stores. It suggests a bullish outlook on the stock's future performance, likely due to underlying strengths in the company's business model, market position, or financial health. This kind of endorsement can significantly influence investor sentiment and potentially lead to a short-term increase in stock price as market participants adjust their valuations based on the new price target.
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