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Fly News Breaks for August 16, 2017
TJX
Aug 16, 2017 | 07:21 EDT
UBS analyst Michael Binetti believes the Q2 results were of high quality and should bolster investor confidence heading into the second half of the year. He sees same store sales upside and diminishing margin headwinds but he lowered his price target to reflect the peer group multiple compression. Binetti maintained his Buy rating and lowered his price target to $79 from $87 on TJX shares.
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