The TJX Companies Up Nearly 3% On Goldman Upgrade

The TJX Companies, Inc. TJX shares are jumping nearly 3% today after Goldman Sachs upgraded the name this morning. The New York-based investment bank upgraded the Framingham, Mass.-based retailer from Neutral to Buy, with a $61 price target. Goldman Sachs said in the note that that the company should see benefits from its Marmaxx & HomeGoods stores, as well as improving trends abroad, and in Canada. At last check, shares of TJX were up $1.36 to $51.39, a gain of 2.7% in early Tuesday trading.