More from Dividend.com
Referenced Stocks

Credit Suisse Initiates Coverage on Ross Stores (ROST)

By Dividend.com,  November 06, 2012, 09:54:42 AM EDT

Credit Suisse has annouced that they are initiating coverage on discount retailer, Ross Stores, Inc.( ROST ) Tuesday.

The firm reported that they will be covering ROST, and have given the company a "Neutral" rating with a price target of $60. This price suggests a 4% increase over the stock's current price of $57.48.

Ross shares were down 31 cents, or -0.54% during Tuesday morning trading. The stock is up 21.08% YTD.

The Bottom Line
Shares of Ross Stores ( ROST ) have a .97% dividend yield, based on last night's closing stock price of $57.83. The stock has technical support in the $52-$55 price area. If the shares can firm up, we see overhead resistance around the $60-$62 price levels.

Ross Stores, Inc.( ROST ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: ROST



Latest News Video

Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...
WSJ House of the Week: And the Winner Is…
WSJ House of the Week: And the Winn...
How to Invest When Interest Rates Rise
How to Invest When Interest Rates R...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
PFE $ 29.40 0.24  0.82%
NOK $ 3.86 0.17  4.61%
S $ 7.32 0.10  1.39%
BAC $ 13.27 0.06  0.45%
GE $ 24.33 0.56  2.36%
MU $ 13.76 0.52  3.93%
SIRI $ 3.40 0.06  1.80%
MNKD $ 6.605 0.94  12.40%