TJX price target raised to $105 from $100 at Loop Capital

Loop Capital raised the firm’s price target on TJX to $105 from $100 and keeps a Buy rating on the shares. The analyst states that a more thorough model review and checks of a few stores has revealed better brands and lean clearance inventory in stores so far in Q3. Off-price retail is expected to take market share this year, and TJX may be best-positioned given its better brands to see more young trade-down customers now that they’re repaying student loans again, the firm tells investors in a research note.