TJX price target raised to $160 from $155 at Wells Fargo

Wells Fargo raised the firm’s price target on TJX (TJX) to $160 from $155 and keeps an Equal Weight rating on the shares. The firm notes TJX continues to outperform, handily beating Q1 plan and hitting elevated buyside expectations as well. On top of Q1 strength, both quarter-to-date trends and outlook on freight were likewise better than feared, Wells adds.