TJX price target raised to $90 from $88 at Baird

Baird analyst Mark Altschwager raised the firm’s price target on TJX to $90 from $88 and keeps an Outperform rating on the shares. The analyst said a favorable buying backdrop, value-seeking consumer, and competitor closures support ongoing share gains while lower freight costs provide clear line of sight to margin recapture and DD% EPS growth.