- Citi analyst Paul Lejuez upgraded TJX Companies Inc TJX to Buy from Neutral, citing a more optimistic view of the off-price sector.
- Lejuez said fiscal 2022 is "likely to have many curveballs" for retailers, and the off-price model "thrives on curveballs."
- The analyst also added that the flexibility of the companies' models is key to success and can thrive in times of maximum disruption.
- Lejuez also upgraded Burlington Stores Inc BURL to Buy from Neutral.
- Price Action: TJX shares are trading higher by 2.61% at $71.17 in premarket on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
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
