Morgan Stanley analyst Alex Straton raised the firm’s price target on TJX (TJX) to $136 from $135 and keeps an Overweight rating on the shares following a Q4 beat that featured “universal comp upside across segments.” Q1 and fiscal year guidance was set below the Street, but “screens conservative,” according to the analyst, who argues that the stock’s 2% move despite below-consensus guidance confirms TJX is “viewed as a scarce, high-quality investment option in Retail.”
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Read More on TJX:
- TJX Companies: Strong Financial Performance and Strategic Market Positioning Drive Buy Rating
- TJX price target raised to $140 from $138 at Baird
- TJX Companies: Strong Performance and Growth Prospects Balanced by Valuation Concerns
- Strong Q4 Performance and Strategic Growth Plans Justify Buy Rating for TJX Companies
- TJX price target raised to $125 from $120 at Wells Fargo
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