Market Overview

UPDATE: Miller Tabak Raises PT to $50 on TJX Companies on Margin Outlook

Related TJX
Top 4 NYSE Stocks In The Department Stores Industry With The Highest EPS
Former Staples CEO Thomas Stemberg Weighs In On Today's Big Retailers
Jackson Hole, Data Deluge on Tap Next Week (Fox Business)

Miller Tabak maintained TJX Companies (NYSE: TJX) with a Buy rating and raised the price target from $49.00 to $50.00.

Miller Tabak commented, "In our opinion, TJX's off-price model is well-suited for a slow-growth macro environment as its broad range of value-priced branded apparel and home goods resonates with customers in the U.S., Canada and Europe. In our view, the company's competitive position is only going to become stronger with an e-commerce capability. … In our view, TJX margins can continue to improve thanks to ongoing emphasis on cost-savings and greater productivity across the organization and increased scale in Europe and at Home Goods."

TJX Companies closed at $44.77 on Wednesday.

Latest Ratings for TJX

DateFirmActionFromTo
Aug 2014Deutsche BankMaintainsBuy
Aug 2014UBSMaintainsBuy
Jul 2014Northcoast ResearchUpgradesNeutralBuy

View More Analyst Ratings for TJX
View the Latest Analyst Ratings

Posted-In: Miller TabakAnalyst Color Price Target Analyst Ratings

 

Related Articles (TJX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional