Nomura Securities Reiterates a 'Buy' on The TJX Companies (TJX); Q2 Review

Nomura Securities reiterates a 'Buy' on The TJX Companies (NYSE: TJX) price target of $60.00.

Nomura analyst, Paul Lejuez, said, "2Q was a strong qtr and the core Marmaxx business achieved its highest 2Q segment profit margin in company history. TJX continues to benefit from plentiful inventory availability and we expect this to drive sales and margin upside in 2H. Continued traffic increases indicate the company (and the off-price channel) are taking share. Our F11E EPS of $4.08 and $60 target price remain unchanged."

For more ratings news on The TJX Companies click here and for the rating history of The TJX Companies click here.

Shares of The TJX Companies closed at $54.94 yesterday.

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