TJX price target raised to $185 from $165 at BTIG

BTIG analyst Bob Drbul raised the firm’s price target on TJX (TJX) to $185 from $165 and keeps a Buy rating on the shares. The company’s total comparable store sales growth was 5%, driven by increases in both traffic and ticket across the portfolio, while the gross margin grew to 31.1%, with merchandise margin expansion and shrink that has now normalized back to pre-COVID levels, the analyst tells investors in a research note.