Telsey Advisory Group said that tariff pressure is expected to continue near-term for Ross Stores, and, with a still uncertain macro and geopolitical environment, the off-price retailer has been anticipating disruption across the industry from inflationary pressures.
Telsey Advisory Group analyst Dana Telsey noted that sales progressed nicely month-over-month throughout the second quarter, leading to the broad-based outperformance relative to consensus forecasts. The brokerage maintained its ‘market perform’ rating and $150 price target on the stock.
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