Morgan Stanley analyst Alex Straton raised the firm’s price target on TJX (TJX) to $136 from $135 and keeps an Overweight rating on the shares following a Q4 beat that featured “universal comp upside across segments.” Q1 and fiscal year guidance was set below the Street, but “screens conservative,” according to the analyst, who argues that the stock’s 2% move despite below-consensus guidance confirms TJX is “viewed as a scarce, high-quality investment option in Retail.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TJX:
- TJX Companies: Strong Financial Performance and Strategic Market Positioning Drive Buy Rating
- TJX price target raised to $140 from $138 at Baird
- TJX Companies: Strong Performance and Growth Prospects Balanced by Valuation Concerns
- Strong Q4 Performance and Strategic Growth Plans Justify Buy Rating for TJX Companies
- TJX price target raised to $125 from $120 at Wells Fargo