On Nov 22, major Wall Street analysts update their ratings for $TJX Companies (TJX.US)$, with price targets ranging from $130 to $142.
Morgan Stanley analyst Alexandra Straton maintains with a buy rating, and maintains the target price at $130.
Deutsche Bank analyst Krisztina Katai maintains with a buy rating, and adjusts the target price from $130 to $131.
Jefferies analyst Corey Tarlowe maintains with a buy rating, and maintains the target price at $140.
Evercore analyst Michael Binetti maintains with a buy rating, and adjusts the target price from $138 to $142.
TD Cowen analyst John Kernan maintains with a buy rating, and adjusts the target price from $130 to $132.
Furthermore, according to the comprehensive report, the opinions of $TJX Companies (TJX.US)$'s main analysts recently are as follows:
TJX is positioned to successfully manage through a shorter holiday season as weather patterns return to normal. The company's ability to maintain valuation premiums is seen as favorable, especially within the Off-Price sector which could be advantaged in navigating potential inflationary impacts if tariffs are implemented.
The firm describes TJX's recent quarter as very reassuring. Typically, a higher contribution to comparable sales from International relative to Marmaxx could diminish the perceived quality of the quarter. However, the strong commencement of Q4 should alleviate any concerns from Q3. Moreover, this strength is not anticipated to be widely reported across the sector in upcoming reports before Black Friday.
Despite some challenges related to weather conditions, TJX maintains strong merchant execution and continues to appeal due to its value. The valuation is considered reasonable and, with a clear path to high single-digit percentage earnings growth, the shares present a balanced opportunity of risk and reward.
Here are the latest investment ratings and price targets for $TJX Companies (TJX.US)$ from 7 analysts:
Note:
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