Information Provided By:
Fly News Breaks for May 23, 2018
TJX
May 23, 2018 | 09:12 EDT
MKM Partners analyst Roxanne Meyer raised her price target on TJX to $99, saying the company is positioned as "one of the best longer-term growth stories in retail". The analyst points to renewed comps momentum in Q1 in spite of the residual merchandising and fright issues, adding that the results have also boosted her confidence in the performance of HomeGoods stores. Meyer keeps her Buy rating on TJX, stating that the company still has a long runway for growth on combination of existing/newer store concepts and the ongoing investment cycle in addition to improved comps visibility.