Breaking News Instant updates and real-time market news.

ROSS

Ross Systems Inc

, TJX

TJX

$78.33

0.655 (0.84%)

10:24
11/22/16
11/22
10:24
11/22/16
10:24

Labor Department calls out Ross, TJX suppliers for violations, LA Times says

U.S. Labor Department investigators uncovered labor violations at independent factories in southern California that supply stores like Ross Dress for Less (ROSS), Forever 21 and TJ Maxx (TJX), according to The Los Angeles Times. Factory workers were paid as little as $4 an hour, and received $7 an hour on average, which is $3 less than the state minimum, according to the Labor Department. While the department said it has fined the garment companies and some manufacturers that function as intermediaries between the factories and retailers, the retailers will avoid any penalties for hiring factories that violate labor laws, the report noted. Reference Link

ROSS

Ross Systems Inc

TJX

TJX

$78.33

0.655 (0.84%)

ROSS Ross Systems Inc

TJX TJX
$78.33

0.655 (0.84%)

08/17/16
WELS
08/17/16
NO CHANGE
WELS
TJX 'bull thesis still in play,' says Wells Fargo
After TJX yesterday reported stronger than expected Q2 results but provided lower than expected Q3 guidance and the stock fell nearly 6%, Wells Fargo says that the wage pressures cited by the company are not worrisome. The firm thinks that the company's "top line fundamentals remains some of the strongest" in its sector Wells expects analysts to reduce their estimates for the company due to the wage pressures, but it recommends buying the shares "on any prolonged pullback" and keeps an Outperform rating.
08/17/16
RHCO
08/17/16
NO CHANGE
RHCO
TJX should be bought on weakness, says SunTrust
After TJX yesterday reported stronger than expected Q2 results but provided lower than expected Q3 guidance and the stock fell nearly 6%, SunTrust analyst Pamela Quintiliano says that the company's guidance is conservative. She noted that the company's results so far this quarter have been "solid," and says that it is well-positioned for continued market share gains. The analyst recommends buying the stock on weakness.
09/30/16
GUGG
09/30/16
INITIATION
GUGG
Buy
TJX coverage assumed with a Buy at Guggenheim
Guggenheim analyst Robert Drbul assumed coverage on TJX with a Buy and an $85 price target. He believes the off-price sector should continue to gain market share due to shifts in both vendor and consumer preferences and expects TJX to be one of the main beneficiaries.
11/16/16
RHCO
11/16/16
NO CHANGE
RHCO
TJX guidance conservative, says SunTrust
After TJX reported better than expected Q3 results, SunTrust analyst Pamela Quintiliano calls the results "solid." The analyst notes that the company's Q4 EPS guidance came in below expectations, but, based on store checks and her confidence in the company's initiatives, she thinks that its guidance will prove to be conservative. The analyst recommends buying the stock on weakness and keeps a $90 price target on the name,.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.