linkjudisicbo| U.S. stock changes 丨 Ross's rose 9.1%. After the announcement of exceeded expectations, several major banks raised their target prices, and was quoted by Morgan Stanley as high as US$161.
Rose's (ROSTlinkjudisicbo.US) gapped higher, rising more than 9% to 144 in the sessionlinkjudisicbo37 dollars, the stock price hit a new high since April 2.
Ross's released results showing that sales in the first quarter of 2024 were US$4.86 billion, a year-on-year increase of 8.1%, slightly higher than analysts 'expectations of US$4.83 billion; earnings per share were US$1.46, up from US$1.09 in the same period last year, and also higher than analysts' expectations of US$1.36.
After the announcement of exceeding expectations results, many investment banks raised their target prices, includinglinkjudisicbo:
Dominic Cowanlinkjudisicbo: Maintain buy rating and raise target price from $173 to $176;
Citigroup: Maintain its buy rating and maintain its target price of $172;
Bank of America Securities: Maintain buy rating and maintain target price of US$170;
Barclays Bank: Maintain its buy rating and raise its target price from $163 to $165;
Morgan Stanley: Maintain its buy rating and raise its target price to $161 from $159.
UBS: Maintain its neutral rating and raise its target price from $145 to $147.
Comments