Ross Stores: Solid Q1 Beat, Guidance Withdrawn On Macro Uncertainty — Analysts Cut Price Target

Ross Stores Inc ROST shares tanked after the company on Thursday reported its first-quarter results.The announcement came amid an exciting earnings season. Here are some key analyst takeaways.JPMorgan On Ross StoresAnalyst Matthew Boss reiterated an Overweight rating, while slashing the price target from $161 to$141.Ross Stores reported its first-quarter earnings at $1.47 per share, beating Street expectations of$1.44 per share, and flat same-store-sales growth, better than estimates of a 0.6% decline, Bo ...