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Fly News Breaks for November 11, 2019
TJX
Nov 11, 2019 | 06:29 EDT
RBC Capital analyst Kate Fitzsimons initiated coverage of TJX with a Sector Perform rating and $60 price target. The analyst is positive on the company's "multiple revenue levels", but also expects its growth rate to remain in the 5%-6% range over the coming years because of margin pressure from company-specific and external headwinds. Fitzsimons adds that the premium valuation on TJX is unlikely to re-rate higher, and she sees "more robust algorithms" in other sector names.
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