TJX price target raised to $112 from $105 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on TJX to $112 from $105 and keeps an Outperform rating on the shares. The company reported strong Q4 results with better-than-expected EPS, the analyst tells investors. Telsey remains “impressed” by the company’s execution amid a challenging macro environment. The company is well positioned heading into the fiscal year given consumers’ increased focus on value and the share it has gained the past few years, the firm concludes.