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.
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