TJX price target raised to $140 from $125 at Loop Capital

Loop Capital raised the firm’s price target on TJX to $140 from $125 and keeps a Buy rating on the shares. TJX’s quarterly reported featured sales and earnings above expectations, and inventory is balanced by category, with great brands and values, the analyst tells investors in a research note. The firm thinks its share-shift thesis is playing out and expect sbetter sales to drive a 20-basis point lift in gross margin this year based on the improved inventory management it is seeing in stores.