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Fly News Breaks for September 17, 2015
TJX
Sep 17, 2015 | 07:14 EDT
MKM Partners assumed coverage on TJX with a Buy rating from a Neutral rating and increased its price target to $83 from $74. Analyst Roxanne Meyer believes TJX's growth is at an inflection point due to multiple catalysts that include upside potential to 1%-2% comps fueled by category expansion, access to global brands, and HomeGoods gains and international, potential international accelerating square footage, store reinvesting, and margin growth from supply chain systems, improving inventory returns, and scaling younger businesses.