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Fly News Breaks for June 22, 2018
TJX
Jun 22, 2018 | 07:40 EDT
Credit Suisse analyst Michael Binetti raised his price target for TJX to $100 from $90, telling investors in a research note that he came away from recent meetings in Europe with the company with more conviction in CY18 SSS above TJX's +1-2% plan. Though he views TJX as a best-in-class operator in the off-price channel, which he calls "attractive" and "long-term share-gaining," he remains Neutral-rated given persistent margin headwinds.
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