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Fly News Breaks for November 20, 2019
TJX
Nov 20, 2019 | 07:50 EDT
MKM Partners analyst Roxanne Meyer raised her price target on TJX to $70 and kept her Buy rating after its better than expected Q3 results. The analyst notes that the quarter has boosted her conviction in off-price retail and "TJX specifically", with its ongoing apparel growth and e-commerce efforts improving its "best-in-class" inventory access. Meyer adds that she is positive on TJX's investment in Russia's Familia as an "attractive opportunity for extending international growth."
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