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Fly News Breaks for May 17, 2017
TJX
May 17, 2017 | 08:35 EDT
BMO Capital analyst John Morris says that TJX reported "solid" Q1 results. The analyst notes that the company's Q2 guidance came in below expectations, but he says the company has a history of providing conservative guidance. He remains upbeat on the company's longer term earnings outlook and on the off-price sector. Morris keeps an $85 price target and an Outperform rating on the shares.
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