TJX initiated with a Buy at Truist

Truist initiated coverage of TJX (TJX) with a Buy rating and $175 price target TJX is well positioned to sustain consistent top- and bottom-line growth thanks to its scale advantages in the off-price channel, which create a compelling value proposition for brands, landlords, and consumers and reinforce a competitive flywheel built on superior inventory access, convenient locations, and strong customer traffic, the analyst tells investors in a research note.