Fly News Breaks for October 17, 2019
Oct 17, 2019 | 07:42 EDT
Loop Capital analyst Laura Champine raised her price on TJX to $65 and kept her Buy rating, citing her store checks highlighted by the "broad" product assortment and limited markdown/clearance pricing activity. After its recently disappointing comps, the analyst also notes that she spent "significant time" at HomeGoods, stating that the company has focused more on bigger-ticket categories and a more "attractive" seasonal assortment. Champine is raising her FY20 and FY21 EPS view for TJX by 5c and 8c to $2.61 and $2.88 respectively.
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