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Fly News Breaks for November 20, 2019
TJX
Nov 20, 2019 | 06:50 EDT
Citi analyst Paul Lejuez raised his price target for TJX to $70 from $58 saying the company's Q3 results were "strong all around." Unlike retail peers, TJX's comp was again driven by traffic and not promotions, Lejuez tells investors in a research note. The analyst expects the share shift to off-price to continue over the coming years and that TJX will be a primary beneficiary. He keeps a Buy rating on the shares.