TD Cowen analyst John Kernan maintained a Buy rating on TJX Companies today and set a price target of $145.00.
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John Kernan has given his Buy rating due to a combination of factors that highlight the strong performance and potential of TJX Companies. The company has consistently raised its EPS guidance following previous quarters, indicating a positive outlook. Kernan notes that the off-price sector is poised for success during the back-to-school and holiday seasons, driven by improved value perception and a favorable buying environment.
Additionally, TJX is benefiting from emerging categories such as beauty, consumables, and accessories, which are enhancing customer conversion and basket size. Despite some challenges like tariffs, the company has managed to maintain a competitive price gap compared to traditional retailers. Furthermore, TJX has a history of exceeding consensus EPS and sales expectations, which supports Kernan’s optimistic view. The slight contraction in valuation from its peak also presents a potential buying opportunity for investors.
In another report released on August 2, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $142.00 price target.