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Fly News Breaks for May 16, 2016
ROST, TJX
May 16, 2016 | 09:21 EDT
Last week's earnings results from the department stores do not signal some major problem with the consumer, Citi analyst Paul Lejuez tells investors in a research note. The "most structurally challenged" retailers reported in the first week, and "everything is likely to make more sense" once TJX (TJX) and Ross Stores (ROST) report this week, the analyst contends. He believes off-price stories are winning the retail war. Lejuez has Buy ratings on both companies.
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