Citigroup Downgrades Ross Stores (ROST)

Citigroup Downgrades Ross Stores (ROST)

RSS

Analysts at Citigroup downgraded Ross Stores, Inc. (ROST) on Wednesday as the firm sees shares of the discount retail operator fairly valued.

Citigroup downgraded ROST from “Buy” to “Neutral.” The analysts see shares reaching $60, which is a +10% upside to Monday’s closing price of $54.48.

Ross shares were flat in premarket trading on Wednesday. The stock was up +13.8% in 2012.

The Bottom Line
Shares of Ross Stores (ROST) have a 1.04% dividend yield, based on Monday’s closing stock price of $54.09. The stock has technical support in the $50-$52 price area. If the shares can firm up, we see overhead resistance around the $57-$60 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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today