TJX price target raised to $110 from $105 at Jefferies

Jefferies raised the firm’s price target on TJX to $110 from $105 and keeps a Buy rating on the shares. TJX reported strong Q2 results, with comps up 6% driven by traffic while lower freight costs drove better-than-expected pre-tax profit margin results, the analyst tells investors in a research note. The firm believes TJX will continue to experience healthy results ahead.