Morgan Stanley Maintains Equal-weight Rating on TJX Companies

Morgan Stanley is maintaining its EW rating on The TJX Companies, Inc. TJX. “TJX raised the lower end of 2011 guidance (though high end unchanged),” Morgan Stanley writes. “We see conservative June/July comp guidance positioning TJX to return to its beat and raise story. We think today's pullback represents an attractive entry point on a defensive name.” The TJX Companies closed Tuesday at $52.06.