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Fly News Breaks for June 22, 2018
BURL, ROST, TJX
Jun 22, 2018 | 07:07 EDT
Wedbush analyst Jen Redding initiated TJX Companies (TJX) with a Neutral rating and $100 price target, telling investors that it should be a "solid" performer over the long-term, and views TJX as "best-in-class" within the off-price sector. Redding contended that while bright U.S. prospects fuel discretionary spending stateside and TJX is viewed as "primed to capitalize," she says she has less visibility into international prospects for now and favor investments with an exclusive U.S. focus. This morning, Redding also initiated Ross Stores (ROST) with a Neutral and Burlington Stores (BURL) with an Outperform.
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