Ross Stores shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 EPS guidance with its midpoint above estimates. Also, B of A Securities and Baird raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Ross Stores shares surged following strong Q2 results and an upward revision of FY24 EPS guidance. Analysts from B of A Securities and Baird also raised their price targets for the stock.
August 23, 2024 | 11:38 am
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Ross Stores reported better-than-expected Q2 results and increased its FY24 EPS guidance, leading to a rise in share price. Analysts B of A Securities and Baird raised their price targets.
The better-than-expected Q2 results and raised FY24 EPS guidance indicate strong financial performance, which is likely to boost investor confidence. The increased price targets from major analysts further support a positive outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100