TJX price target raised to $88 from $80 at Wells Fargo

Wells Fargo analyst Ike Boruchow raised the firm’s price target on TJX to $88 from $80 and keeps an Equal Weight rating on the shares. The firm notes TJX delivered yet another beat/raise print, with comps and margins materially beating plan while raising its full year guide. While Wells remains sidelined due to valuation, it says the momentum and lack of any holes is hard to ignore.