UPDATE: Jefferies Raises PT on The TJX Companies Following Impressive 2Q Results
In a report published Wednesday, Jefferies analyst Randal J. Konik reiterated a Hold rating on The TJX Companies (NYSE: TJX), and raised the price target from $46.00 to $50.00.
In the report, Jefferies noted, “TJX posted impressive 2Q results driven by continued sales and margin improvement. With strong sales across divisions and a solid inventory position heading into the back half of the year, TJX raised guidance from a relatively conservative bar, in our view. We continue to see good growth ahead as TJX's brands gain share but we see these positives as fairly priced in at current levels. Maintain Hold, PT to $50.”
The TJX Companies closed on Tuesday at $50.75.
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