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Fly News Breaks for November 18, 2015
TJX
Nov 18, 2015 | 10:21 EDT
Deutsche Bank analyst Mike Baker says TJX is "pulling the right levers" after posting a 5% comp increase in Q3. The retailer's plan to give more value to shoppers is leading to share gains and profit dollar growth, Baker tells investors in a post-earnings research note. Nonetheless, the analyst lowered his 2016 and 2017 earnings estimates to reflect the "lingering wage issue." He dropped his price target for shares to $83 and keeps a Buy rating on the name.
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