The TJX Companies (TJX) PT Raised to $132 at TD Cowen

TD Cowen analyst John Kernan raised the price target on The TJX Companies (NYSE: TJX) to $132.00 (from $130.00) while maintaining a Buy rating.

The analyst commented, "Price target increases to $132, representing 25x our FY27E EPS and 17x EV/EBITDA. We believe TJX can navigate a shorter holiday season as weather normalizes. TJX's valuation premiums can sustain themselves as Off-Price is better positioned than peers to navigate a potentially inflationary category if tariffs take hold. Expect co. to remain the largest market cap in Softlines Retail through FY26."

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