Citigroup raises Ross Stores price target to $290 after strong Q2 beat and raised earnings guidance.

Citigroup has raised its price target for Ross Stores to $290, following the company's strong Q2 performance where revenue reached $6.27 billion and earnings per share hit $2.66, both surpassing estimates. The retailer also increased its full-year earnings forecast to between $8.61 and $8.77 per share, reflecting confidence in continued growth driven by increased customer traffic and effective discount retail strategies. This upgrade signals significant upside potential for investors in Ross Stores.