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Fly News Breaks for August 17, 2016
TJX
Aug 17, 2016 | 07:08 EDT
After TJX yesterday reported stronger than expected Q2 results but provided lower than expected Q3 guidance and the stock fell nearly 6%, Wedbush analyst Morry Brown remains upbeat on the company's fundamentals which he says have not changed. The analyst says that the wage pressures and adverse foreign exchange fluctuations reported by the company aren't new. Brown expects the company's SSS to continue to outperform that of its peers. He raised his price target on the shares to $84 from $82 and keeps an Outperform rating.
News For TJX From the Last 2 Days
TJX
Apr 25, 2024 | 09:44 EDT
