Ross Stores Inc. was downgraded to equal weight from overweight at Wells Fargo, with analysts concerned that Ross' key "low-end consumer" will see their cash balances fall back to Earth in 2022. Wells Fargo cut its price target for Ross to $120 from $135. After benefiting from stimulus payments in 2021, lower-income consumers are now faced with possible challenges including the end of the student-loan debt moratorium, an end to higher SNAP payouts, and the potential end to child tax...
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