Ross Stores upgraded by UBS on store-productivity growth potential
+2.10% to $234.11 from $229.30
What moved ROST
- UBS analyst Jay Sole upgraded Ross Stores to Buy from Neutral and raised his price target to $315 from $239, arguing the chain’s same-store sales momentum can continue past this year.
- Sole’s thesis centers on a store-productivity gap with TJX that he expects new CEO Jim Conroy’s strategies to help close; UBS noted Ross spent just 0.4% of sales on marketing in 2025 versus 1.1% at TJX.
- The upgrade adds to recent bullish Wall Street sentiment on the discount retailer heading into the holiday shopping season.
Sources: TipRanks · Proactive Investors · Seeking Alpha