Credit Suisse sees strong back half for Ross Stores

|About: Ross Stores, Inc. (ROST)|By:, SA News Editor

Credit Suisse lifts its price target on Ross Stores (ROST +1.1%) to $100 after taking in the retailer's Q4 earnings report.

The CS analyst team says it's looking past the fashion miss with the women's apparel business to expect same-store sales acceleration, as well as some relief on labor wage inflation and freight expense growth during the back half of the year.

The $100 PT on Ross is 13X Credit Suisse's 2020 EBITDA estimate and 20X the 2020 EPS estimate.

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