TJX price target raised to $95 from $85 at BMO Capital

BMO Capital analyst Simeon Siegel raised the firm’s price target on TJX to $95 from $85 and keeps an Outperform rating on the shares after its Q2 earnings beat and guidance raise. The analyst cites the company’s “strong” top- and bottom-line beat enjoyed Marmaxx and HomeGoods performance with healthier gross margins. TJX is expanding and solidifying its role in the retail ecosystem beyond offering value to customers, the firm tells investors in a research note.