TJX price target raised to $116 from $110 at BMO Capital

BMO Capital raised the firm’s price target on TJX to $116 from $110 and keeps an Outperform rating on the shares. The firm’s recent discussions with the company’s management were “upbeat”, focusing on its ongoing opportunities to take market share with increasing profitability, its increasing importance to vendors, inventory availability, and opportunities across broad-ranging consumer age and income demographics, the analyst tells investors in a research note. BMO further cites its “multi-year belief” in the increasing importance of TJX to consumers and to brands.