TJX price target raised to $132 from $130 at TD Cowen

TD Cowen analyst John Kernan raised the firm’s price target on TJX (TJX) to $132 from $130 and keeps a Buy rating on the shares. The firm believes TJX can navigate a shorter holiday season as weather normalizes and TJX’s valuation premiums can sustain themselves as Off-Price is better positioned than peers to navigate a potentially inflationary category if tariffs take hold.