Deutsche Bank has published its company update on The TJX Companies TJX following TJX's strong 3Q results.
Deutsche Bank writes, "Though 3Q sales and EPS results had already been pre-announced, we thought that management's call commentary touched on key positive themes. In particular, what's clear to us is that TJX's fundamentals are running very strong and even more importantly in the near-term, guidance is satisfying investor expectations during a 4Q of ‘tough compares'. Maintain Buy, as 4Q momentum, LT margin sustainability, and attractive valuation outweigh risks at TK Maxx. $52 PT based on 13.8x our FY11 model."
TJX last traded at $45.40.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst RatingsApparel RetailConsumer DiscretionaryDeutsche BankTJX Companies
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in