Bernstein analyst Aneesha Sherman raised the firm’s price target on TJX (TJX) to $155 from $152 and keeps an Outperform rating on the shares. The firm cites another strong quarter from TJX, with the Q4 guide conservative and set up nicely for another beat, as the Off-price playbook of buying opportunistically and offering great value across all pricing tiers continues to attract traffic and grow basket size. The stock remains pricey but for good reason, and Bernstein expects TJX to continue to outperform both near-term and longer-term.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TJX:
- Strong Buy Recommendation for TJX Companies Driven by Effective Strategy and Growth Potential
- TJX Companies: Strong Q3 Performance and Strategic Initiatives Justify Buy Rating and Increased Price Objective
- TJX price target raised to $181 from $172 at UBS
- TJX Companies: Poised for Growth with Strong Market Position and Expansion Plans
- TJX price target raised to $168 from $160 at Citi