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.
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