Fly News Breaks for February 27, 2020
Feb 27, 2020 | 09:13 EDT
MKM Partners analyst Roxanne Meyer raised the firm's price target on TJX to $74 from $70 and keeps a Buy rating on the shares. The analyst says the company's Q4 earnings beat affirmed the conviction of her long-term bullish thesis, noting that inventory access at TJX will "only get better from here" and help fuel its upside potential. Meyer adds that TJX's international segment is seeing traffic and conversion gains, while its challenged HomeGoods business outperformed despte remaining a "work in progress".
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