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Fly News Breaks for May 22, 2018
TJX
May 22, 2018 | 11:13 EDT
JPMorgan analyst Matthew Boss said TJX's Q1 EPS and same-store-sales beat Street expectations. He also said the company's Q2 view "conservatively" is built on 1%-2% same-store sales growth, despite Q2-to-date being off to a "strong start," noting that the company has reported upside versus the mid-point of management's initial guidance in the past four consecutive quarters. Boss maintains an Overweight rating on TJX shares.