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Fly News Breaks for May 17, 2017
TJX
May 17, 2017 | 08:05 EDT
Cowen analyst Oliver Chen said despite weak Q2 results for TJX he continues to believe growth prospects ahead are sustainable and achievable. He said comps are being driven by traffic, large store base works, and merchandise/inventory agility. Chen believes the weakness is a buying opportunity for long-term investors and he reiterated his Outperform rating, though he lowered his price target to $80 from $85 on TJX shares.
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