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Fly News Breaks for May 22, 2019
TJX
May 22, 2019 | 08:58 EDT
MKM Partners analyst Roxanne Meyer raised her price target on TJX to $62 after its Q1 earnings beat, saying the trends of re-accelerating earnings momentum and a positive inflection in Europe from Q4 remained intact. The analyst calls TJX "one of the best longer-term growth stories in retail", adding that its HomeGoods brand is also set to re-accelerate after a lower than expected 1% comp in Q1 driven more by internal execution issues than macro conditions.
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