Recent retail earnings showed a good deal of doom and gloom signs of a weakened consumer spending. Both Macy’s Inc (NYSE: M) and Nordstrom Inc (NYSE: JWN) saw falling digital sales.
As retailers continue to report their earnings for the fourth quarter of 2022, investors are waiting for the upcoming earnings report from Ross Stores (NASDAQ: ROST), which is set to issue its fourth quarter results after market close on Tuesday<
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Wells Fargo boosted the price target for Deere & Company (NYSE: DE) from $485 to $510. Wells Fargo analyst Seth Weber maintained an Overweight rating on the stock. Deere shares fell 0.5% to $431.08 in pre-market trading.
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Wells Fargo raised Ross Stores, Inc. (NASDAQ: ROST) price target from $120 to $135. Wells Fargo analyst Ike Boruchow maintained an Overweight rating on the stock. Ross Stores shares fell 0.9% to close at $114.92 on Friday.