UBS raised the firm’s price target on TJX to $148 from $134 and keeps a Buy rating on the shares. UBS views TJX as capable of taking major market share from Department Store peers over the next few years and thinks its newer businesses such as HomeSense and Sierra Trading Post have big potential, as does its international operation, the analyst tells investors in a research note. The firm forecasts TJX delivering a 12.5% 5-year EPS compound annual growth rate and thinks the stock will move toward its price target as TJX continues to take share and deliver strong earnings reports.
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