TJX price target raised to $125 from $115 at Loop Capital

Loop Capital raised the firm’s price target on TJX to $125 from $115 and keeps a Buy rating on the shares. The firm’s quarter-end round of store checks has revealed “limited clearance”, suggesting “better performance”, the analyst tells investors in a research note. The company’s inventory is balanced by category, while the department stores in nearby malls look “rough” with minimal traffic compared to long cash wrap lines at off-price retail, the firm added.