TJX price target raised to $167 from $162 at TD Cowen

TD Cowen analyst John Kernan raised the firm’s price target on TJX (TJX) to $167 from $162 and keeps a Buy rating on the shares. The firm said same-store sales and margin across MarMaxx, HomeGoods, and International were above expectations. 4Q guidance reiterated, MarMaxx poised for holiday share gains across categories while lower markdowns, ticket, and IMU can produce upside to comps and gross margin.