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TJX

TJX

$46.81

-2.16 (-4.41%)

, BURL

Burlington Stores

$148.36

-8.145 (-5.20%)

08:56
11/21/18
11/21
08:56
11/21/18
08:56

TJX apparel category strengthening and should drive momentum, says DA Davidson

DA Davidson analyst John Morris kept his Buy rating and $65 price target on TJX (TJX) after its Q3 results, saying its earnings beat was "high quality" with a 7% increase in comps "driven by strong traffic across all divisions". The analyst says the quarter leads him to conclude that the company's "strengthened apparel category should drive momentum" heading into the holiday season. Morris also believes that TJX has "more avenues of growth" as it closes the execution gap on Burlington Stores (BURL).

TJX

TJX

$46.81

-2.16 (-4.41%)

BURL

Burlington Stores

$148.36

-8.145 (-5.20%)

  • 28

    Nov

TJX TJX
$46.81

-2.16 (-4.41%)

11/21/18
RBCM
11/21/18
NO CHANGE
Target $52
RBCM
Outperform
TJX price target lowered to $52 from $57 at RBC Capital
RBC Capital analyst Brian Tunick lowered his price target on TJX to $52 after its in-line Q3 earnings and below-consensus outlook for Q4 and FY19. The analyst keeps his Outerpfor rating, noting that the company continues to post "enviable comps fueled by traffic increases and share gains", but believes that investors are disappointed by its FY19 outlook driven by the negative impact of higher freight costs and wage inflation.
11/20/18
LOOP
11/20/18
NO CHANGE
Target $47
LOOP
Hold
TJX labor, transportation costs to keep dragging on earnings, says Loop Capital
Following a mixed Q3 report from TJX, Loop Capital analyst Laura Champine lowered her price target on the stock to $47 from $53, stating that she expects labor and transportation expenses to continue to drag on its earnings. The analyst, who keeps a Hold rating on TJX shares, finds it surprising that the company is not getting more leverage on its sales growth, she added.
09/25/18
DADA
09/25/18
INITIATION
Target $96
DADA
Neutral
Ross Stores initiated with a Neutral at DA Davidson
DA Davidson analyst John Morris initiated Ross Stores (ROST) with a Neutral rating and a price target of $96. The analyst says its current valuation is at the upper end of its historical earnings multiple range and also a 10% premium over that of the off-price leader TJX (TJX). Morris adds that given his "low visibility" over the company's "degree of success in penetrating new competitive markets", he is "hard-pressed to argue for further multiple expansion".
09/25/18
DADA
09/25/18
INITIATION
Target $130
DADA
Buy
TJX initiated with a Buy at DA Davidson
DA Davidson analyst John Morris initiated TJX with a Buy rating and a price target of $130, saying the company's leading position in the off-price sector allows it to take market share amid the secular decline of department and chain stores. The analyst expects the company to produce a strong set of results in the second half of the year thanks to rising average unit retail momentum as well as upturn in women's apparel. Morris contends that the premium multiple of TJX is warranted by its off-price "leadership, size advantages, global diversification, and strong financial position".
BURL Burlington Stores
$148.36

-8.145 (-5.20%)

11/02/18
WEDB
11/02/18
DOWNGRADE
Target $175
WEDB
Neutral
Burlington Stores downgraded to Neutral from Outperform at Wedbush
Wedbush analyst Jen Redding downgraded Burlington Stores to Neutral from Outperform as shares approach her $175 price target. In a research note to investors, Redding says she continues to view Burlington as an attractive growth story and looks for ongoing strength driven by store growth, higher sales productivity, and operating margin expansion. As the value she saw in shares of Burlington several months ago materializes, Redding says she is stepping to the sidelines, as she sees shares as priced in the near-term absent any new fundamental and/or catalyst.
11/02/18
WEDB
11/02/18
DOWNGRADE
WEDB
Neutral
Burlington Stores downgraded to Neutral from Outperform at Wedbush
09/26/18
DADA
09/26/18
INITIATION
Target $187
DADA
Buy
Burlington Stores initiated with a Buy at DA Davidson
DA Davidson analyst John Morris initiated Burlington Stores with a Buy rating and a price target of $187. The analyst says the company is "well-positioned to capitalize on the favorable secular expansion for the off-price sector" and expects a comparable quality in same-store sales following a solid Q2 along with rising average unit retails and positive store traffic. Morris adds that Burlington Stores gross margin performance is attributed to the company's merchandising efforts and believes that its premium multiple is warranted given the "combination of growth potential and upside potential for improved operating performance".
09/11/18
09/11/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Krystal Biotech (KRYS) initiated with an Overweight at Cantor Fitzgerald. 2. Melinta Therapeutics (MLNT) initiated with a Buy at H.C. Wainwright and Jefferies. 3. Burlington Stores (BURL) initiated with an Overweight at Barclays. 4. General Motors (GM) reinstated with a Neutral at Goldman Sachs. 5. SailPoint (SAIL) initiated with a Market Perform at Northland. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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FII

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-0.02 (-0.08%)

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GIII

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$28.68

-0.29 (-1.00%)

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CLXT

Calyxt

$9.88

0.4 (4.22%)

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CLXT

Calyxt

$9.88

0.4 (4.22%)

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CEQP

Crestwood Equity

$32.29

0.47 (1.48%)

, EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

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ITW

Illinois Tool Works

$131.02

-2.26 (-1.70%)

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SWK

Stanley Black & Decker

$118.36

0.46 (0.39%)

19:57
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INCY

Incyte

$66.24

-1.04 (-1.55%)

, AET

Aetna

$0.00

(0.00%)

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AET

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$0.00

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ANTM

Anthem

$275.59

-4.93 (-1.76%)

CNC

Centene

$127.55

-5.3 (-3.99%)

CI

Cigna

$205.34

-6.63 (-3.13%)

HNT

Health Net

$0.00

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HUM

Humana

$300.41

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MOH

Molina Healthcare

$131.72

-11.19 (-7.83%)

UNH

UnitedHealth

$265.06

-7.2 (-2.64%)

WCG

WellCare

$236.90

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SNE

Sony

$51.32

-0.88 (-1.69%)

GOOG

Alphabet

$1,041.68

-21.44 (-2.02%)

GOOGL

Alphabet Class A

$1,050.62

-23.36 (-2.18%)

AAPL

Apple

$165.48

-5.45 (-3.19%)

BAC

Bank of America

$24.49

0.1 (0.41%)

BLK

BlackRock

$382.25

-5.29 (-1.37%)

CAT

Caterpillar

$126.78

0.79 (0.63%)

CVX

Chevron

$113.84

-2.15 (-1.85%)

DDAIF

Daimler AG

$0.00

(0.00%)

DAL

Delta Air Lines

$53.50

-0.03 (-0.06%)

ET

Energy Transfer LP

$14.08

-0.5 (-3.43%)

TOL

Toll Brothers

$32.23

-0.4 (-1.23%)

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  • 07

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EQT

EQT Corporation

$19.40

-0.78 (-3.87%)

18:54
12/16/18
12/16
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Periodicals
EQT's board to seek meeting with Rice brothers, Reuters reports »

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EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

, EQGP

EQGP Holdings

$19.94

0.02 (0.10%)

18:31
12/16/18
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Downgrade
EQT Midstream Partners, EQGP Holdings rating change at Goldman Sachs »

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EQM

EQT Midstream Partners

$46.86

-0.1 (-0.21%)

EQGP

EQGP Holdings

$19.94

0.02 (0.10%)

03/08/13
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CEQP

Crestwood Equity

$32.29

0.47 (1.48%)

18:28
12/16/18
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INCY

Incyte

$66.24

-1.04 (-1.55%)

17:52
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  • 24

    Feb

NSANY

Nissan

$0.00

(0.00%)

, RNLSY

Renault

$0.00

(0.00%)

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Periodicals
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NSANY

Nissan

$0.00

(0.00%)

RNLSY

Renault

$0.00

(0.00%)

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  • 07

    Jan

T

AT&T

$30.24

0.33 (1.10%)

, CMCSA

Comcast

$36.32

-0.43 (-1.17%)

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T

AT&T

$30.24

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CMCSA

Comcast

$36.32

-0.43 (-1.17%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$51.32

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FOX

21st Century Fox

$48.79

-0.09 (-0.18%)

FOXA

21st Century Fox

$49.06

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LGF.A

Lionsgate

$15.59

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DIS

Disney

$112.21

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VIAB

Viacom

$28.56

-0.31 (-1.07%)

VIA

Viacom

$31.23

-0.4 (-1.26%)

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  • 23

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ELGX

Endologix

$0.71

0.0232 (3.39%)

16:17
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Conference/Events
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PRPO

Precipio

$0.19

-0.0111 (-5.63%)

16:11
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MSB

Mesabi Trust

$25.15

-1.1 (-4.19%)

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Conference/Events
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MLNT

Melinta Therapeutics

$1.19

-0.1 (-7.75%)

16:02
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XOM

Exxon Mobil

$75.63

-1.32 (-1.72%)

15:55
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ANTM

Anthem

$275.59

-4.93 (-1.76%)

, CNC

Centene

$127.55

-5.3 (-3.99%)

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ANTM

Anthem

$275.59

-4.93 (-1.76%)

CNC

Centene

$127.55

-5.3 (-3.99%)

CI

Cigna

$205.34

-6.63 (-3.13%)

UNH

UnitedHealth

$265.06

-7.2 (-2.64%)

HUM

Humana

$300.41

-12.09 (-3.87%)

WCG

WellCare

$236.90

-7.44 (-3.04%)

MOH

Molina Healthcare

$131.72

-11.19 (-7.83%)

HNT

Health Net

$0.00

(0.00%)

AET

Aetna

$0.00

(0.00%)

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JELD

Jeld-Wen

$14.27

-0.46 (-3.12%)

13:02
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ATRA

Atara Biotherapeutics

$41.78

-0.74 (-1.74%)

12:55
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BGNE

BeiGene

$133.95

2.595 (1.98%)

12:41
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JELD

Jeld-Wen

$14.27

-0.46 (-3.12%)

12:35
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