Movement Alert｜Ross Pre-Market Rise 3.35%, UBS Upgrades Shares to Buy and Lifts Target Price to $315

Market Focus10-26

On October 26, Ross rose 3.35% in Pre-Market Trading, trading at $235.0 per share with turnover of $459.4 thousand.

The clearest catalyst was a same-day analyst action: UBS upgraded Ross to Buy from Neutral and raised its price target to $315, well above the broader analyst mean target of $273.33.

The upgrade builds on a stronger operating backdrop established in August, when Ross reported fiscal Q2 EPS of $2.66 on revenue of $6.26 billion, both above consensus, and lifted full-year EPS guidance to $8.61-$8.77 from $7.50-$7.74. More recently, sector commentary has also framed Ross as a relative winner in an inflationary environment as consumers continue seeking value in off-price retail.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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