Evercore ISI raised the firm’s price target on TJX (TJX) to $142 from $138 and keeps an Outperform rating on the shares following what the firm calls “a very re-affirming quarter.” While more of the comp from International and less from Marmaxx “would normally reduce the quality of the quarter,” the comment that Q4 is off to a “strong” start should override any Q3 concerns, according to the analyst, who adds “we don’t expect to hear that strength echoed across the sector with upcoming reports before Black Friday.”
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Read More on TJX:
- TJX price target raised to $133 from $128 at Baird
- 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