Argus analyst Chris Graja raised his price target on TJX to $62 and kept his Buy rating, citing the company's "exceptional financial strength, efficient cost structure, and ability to deliver value-priced merchandise in a competitive retail environment." The analyst also points to TJX's 22 consecutive years of comps increases with only one year of decline in all of its 42-year history, its growing store traffic, and its 23 straight years of rising dividends. Graja adds that while retail is pressured by the internet competition, the "off-price" sector is the industry's strongest segment, with TJX being "better positioned to compete than most" retailers.