UBS analyst Jay Sole raised the firm’s price target on TJX (TJX) to $164 from $154 and keeps a Buy rating on the shares. TJX is capable of taking major market share from Department Store peers over the next few years, and its newer businesses such as HomeSense and Sierra Trading Post have significant potential, as does its international operation, the analyst tells investors in a research note. UBS forecasts TJX delivering a 10.5% five-year EPS compound annual growth outlook.
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