Wells Fargo analyst Ike Boruchow raised the firm’s price target on TJX (TJX) to $125 from $120 and keeps an Equal Weight rating on the shares. The firm says that upside to comparable sales in both Q4 and Q1-to-date sends relief to TJX bulls and retail in general. While EPS is coming down, the top-line trajectory is what matters right now, Wells adds. The firm is impressed with the results, but remains sidelined on valuation.
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