$ROST

UBS upgraded Ross Stores (ROST) to Buy, raising its price target to $315 from $239, citing CEO James Conroy's strategy to close the sales gap with TJX. Ross aims to improve merchandise, marketing, and in-store experience, with UBS expecting 8.5% annual sales growth over the next two years, higher than Wall Street's estimates.

Bank of America analysts cut price targets for TJX Cos., Ross Stores, and Burlington due to expected higher freight costs starting in Q2 2027, modeling a 15% increase for domestic and 80% for ocean freight. Despite this, they maintain 'Buy' ratings, anticipating outperformance in an inflationary environment.

Analysts made several calls: Jefferies reiterated Apple as underperform, citing mixed iPhone sales expectations. Barclays upgraded Tesla to overweight, citing M&A opportunities. Morgan Stanley upgraded Lockheed Martin to overweight. Piper Sandler reiterated Nvidia as overweight. Other notable moves include upgrades for Caci, Installed Building Products, Accelevation, and downgrades for Block.

Wall Street analysts issued updates on various companies. Upgrades include Lockheed Martin (LMT) to Overweight, Tesla (TSLA) to Overweight, and Roper Technologies (ROP) to Neutral. Downgrades include Block (SQ) to Equal Weight and Equifax (EFX) to Sector Perform. Initiations include FirstEnergy (FE) with Outperform and Lumentum Holdings (LITE) with Buy. Markets saw mixed movements, with tech earnings in focus and Treasury yields rising.

Analysts updated ratings and price targets for several companies. Notable changes include Block (SQ) downgraded to Equal Weight with a $80 target, Ross Stores (ROST) upgraded to Buy with a $315 target, and Tesla (TSLA) upgraded to Overweight with a $450 target. Other companies affected include Fair Isaac (FICO), Booz Allen (BAH), and Spotify (SPOT).

UBS upgraded Ross Stores (NASDAQ:ROST) to Buy, raising its price target to $315.00 from $239.00. The firm expects Ross to close its store productivity gap with TJX, driving revenue growth of 8.5% annually over the next two years, above Street estimates. Ross reported a 10% increase in comparable sales, exceeding expectations, and raised its outlook for the second half of the year. Multiple analysts have revised earnings upwards, with price targets ranging from $240 to $310.

Five Below (FIVE) reported Q2 revenue of $1.26B, up 22.9% YoY, beating estimates. TJX (TJX) reported $15.18B, up 5.4%, in line with expectations. Ollie's (OLLI) reported $741.3M, up 9.1%, missing estimates. Burlington (BURL) reported $3.00B, up 11%, slightly below estimates. FIVE stock is down 8.6%, TJX down 2.7%, OLLI up 29.4%, BURL down 17.7% since reporting.

Ross Dress for Less reported Q2 2026 sales of $6.3B, up 13%, with comparable store sales up 10%, driven by customer traffic. The company competes with TJX (TJ Maxx, Marshalls) on price and brand-name selection, and raised its full-year earnings guidance to $8.61-$8.77 per share, including $0.60 from tariff refunds. Ross operates 1,904 stores, more than TJ Maxx or Marshalls alone but fewer than both combined.

Ross Stores, Inc. has leased 115,000 square feet at ROW DTLA for its West Coast merchandising hub, relocating from Downtown’s CBD. The space includes office and rooftop areas. According to ROW DTLA, this move aligns with a trend of fashion brands choosing the location. JLL and CBRE represented the respective parties.

Ross Dress for Less is expanding on Long Island, opening a new store in Selden and another in Levittown. The retailer is occupying former Wren Kitchens spaces, which closed after bankruptcy. Ross reported a 13% sales increase to $6.3 billion in Q2, with same-store sales up 10%. The company plans to grow to 2,900 Ross and 700 DD’s Discounts stores over time, according to its executive vice president.