Baird raised the firm’s price target on TJX (TJX) to $133 from $128 and keeps an Outperform rating on the shares. The firm said despite some headwinds related to weather, TJX continues to demonstrate strong merchant execution and appeal of value. Valuation looks reasonable and with good line of sight to HSD%+ earnings growth, shares offer a nice balance of offense and defense.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TJX:
- TJX Companies Reports Strong Q3 Financial Performance
- Target reports downbeat Q3, Comcast plans cable TV spinoff: Morning Buzz
- TJX Earnings: Discount Retailer Surprises Wall Street, Slips on Guidance
- TJX sees Q4 revenue $15.9B-$16.1B, consensus $16.29B
- TJX narrows FY25 revenue view to $55.9B-$56.1B from $55.8B-$56.1B