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

BTIG raised the firm’s price target on TJX (TJX) to $185 from $165 and keeps a Buy rating on the shares after its Q4 earnings beat. Total comparable store sales growth was 5%, driven by increases in both traffic and ticket across the portfolio, and the gross margin grew 69bps 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.