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TJX price target raised to $147 from $137 at Barclays

Barclays raised the firm’s price target on TJX (TJX) to $147 from $137 and keeps an Overweight rating on the shares. The company reported Q1 comp growth of 3% driven by transactions, beating on sales and earnings, but gross margin missed due to unfavorable inventory hedges, the analyst tells investors in a research note. The firm says TJX is shining amid macro uncertainty.

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