Lorraine Hutchinson, an analyst from Bank of America Securities, maintained the Buy rating on TJX Companies. The associated price target remains the same with $168.00.
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Lorraine Hutchinson’s rating is based on TJX Companies’ consistent ability to exceed sales and margin expectations, which is considered a rare achievement in the retail sector. This consistent performance is expected to drive further expansion of the company’s valuation multiples. Hutchinson sees potential for sales growth driven by consumer trade-down behavior and margin expansion through higher pricing, particularly in international markets and the HomeGoods segment.
Moreover, Hutchinson anticipates that TJX’s robust buying capabilities will help mitigate the impact of tariffs, maintaining a steady growth trajectory in comparable sales. The company’s strategic expansion plans, including a target of 7,000 stores, are expected to provide a 2-3% sales lift, particularly through new HomeGoods and international store openings. These factors collectively contribute to the Buy rating, with a price objective set at $168.00.
In another report released today, Barclays also maintained a Buy rating on the stock with a $172.00 price target.