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Fly News Breaks for February 27, 2020
BURL, ROST, TJX
Feb 27, 2020 | 07:50 EDT
Guggenheim analyst Robert Drbul raised the firm's price target on TJX (TJX) to $75 from $70 and keeps a Buy rating on the shares after the company reported "strong" Q4 results that were driven by traffic gains across all of its divisions and noted that trends have been solid in the Q1 to-date. Drbul believes the valuation should narrow compared to peers Ross Stores (ROST) and Burlington Stores (BURL) given that he views TJX as one of the best positioned retailers he covers and a top pick for 2020.