Wells Fargo Maintains Overweight on Ross Stores, Raises Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has maintained an Overweight rating on Ross Stores and increased its price target from $160 to $175, indicating a positive outlook for the company's stock.
August 23, 2024 | 2:14 pm
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Wells Fargo has maintained an Overweight rating on Ross Stores and increased its price target from $160 to $175, suggesting a positive outlook for the stock.
The increase in the price target from $160 to $175 by Wells Fargo, along with the maintained Overweight rating, indicates a strong positive sentiment from the analyst. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100