Fly News Breaks for November 19, 2019
TJX
Nov 19, 2019 | 10:24 EDT
William Blair analyst Daniel Hofkin says TJX reported "strong" Q3 results with an increased outlook for 2019. Earnings upside was driven by comp sales and gross margin, Hofkin tells investors in a research note. Further, TJX's $225M investment for a 25% ownership stake in privately held Familia represents its first presence in Russia and could serve as a platform for growth in the country, contends the analyst. Hofkin maintains an Outperform rating on TJX shares.
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