TJX price target raised to $190 from $185 at BTIG

BTIG analyst Bob Drbul raised the firm’s price target on TJX (TJX) to $190 from $185 and keeps a Buy rating on the shares after its Q1 earnings beat. The company’s performance was broad-based across banners, as all segments performed above expectations, the analyst tells investors in a research note. All divisions also drove increases in customer transactions, and segment profitability improved across banners, supported by merchandise margin gains and expense leverage, the firm added.