Morgan Stanley analyst Alex Straton raised the firm’s price target on TJX to $99 from $93 and keeps an Overweight rating on the shares. TJX delivered a solid Q2 EPS beat and raised 2023 guidance on an improved 2H outlook, the analyst tells investors in a research note. TJX’s scale and competitive benefits give the firm confidence in continued margin expansion potential long-term, Morgan Stanley says.
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