UPDATE: Goldman Sachs Upgrades Ross Stores on Long-Term Growth, Capital Allocation Optionality
September 25, 2013 at 11:31 AM EDT
In a report published Wednesday, Goldman Sachs analyst Stephen Grambling upgraded the rating on Ross Stores (NASDAQ: ROST ) from Buy to Conviction List-Buy, and reiterated the $83.00 price target. In the report, Goldman Sachs noted, “We add ROST to our Conviction List with 16% upside to our $83, 12-month