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Fly News Breaks for November 12, 2019
TJX
Nov 12, 2019 | 21:15 EDT
Barclays analyst Adrienne Yih initiated coverage of TJX with an Overweight rating and $66 price target. The analyst is positive on the company's position as the "largest global off-price retailer" based on sales in North America, Europe, and Australia, its ability to take advantage of sector inventory dislocations, and the "defensive nature" of its business model. Yih adds that the company should see some relief from freight and wage pressure in FY20.
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