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UPDATE: Sterne Agee Downgrades Ross Stores

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In a report released Wednesday, analysts at Sterne Agee downgraded Ross Stores (NASDAQ: ROST) from Buy to Neutral and decreased the price target from $81 to $68.

Analysts at Sterne Agee downgraded Ross Stores based on a change in traffic for the worse and forecast of EBIT margins reaching its peak. Sterne Agee noted the retailers recent performance suggests a decrease in its competitive advantage.

The price target decrease of 19 percent is based on Sterne Agee 15x EPS estimate for 2015.

Latest Ratings for ROST

DateFirmActionFromTo
May 2016UBSMaintainsNeutral
May 2016Cowen & CompanyMaintainsOutperform
May 2016Piper JaffrayDowngradesNeutralUnderweight

View More Analyst Ratings for ROST
View the Latest Analyst Ratings

Posted-In: Sterne AgeeDowngrades Price Target Analyst Ratings

 

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