TJX price target raised to $105 from $100 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on TJX to $105 from $100 and keeps an Outperform rating on the shares. The analyst says first half momentum continued into Q3 with TJX reporting better than expected earnings, driven by positive traffic across concepts, strength in apparel, and a meaningful rebound in home sales. The firm continues to be impressed by the company’s execution amid a challenging macro environment.