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.”
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 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