BofA analyst Lorraine Hutchinson raised the firm’s price target on TJX (TJX) to $168 from $150 and keeps a Buy rating on the shares after the company beat on sales and margins in Q3, raised guidance and spoke to a strong start to Q4. The firm, which is increasing its FY26 and FY27 EPS estimates by 2% and 3%, respectively, contends that the consistency seen at TJX is “rare and should allow for continued multiple expansion.”
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:
- TJX price target raised to $155 from $152 at Bernstein
- TJX price target raised to $168 from $155 at Barclays
- 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