Goldman Sachs Bumps Numbers on TJX Companies (TJX), Says "Beat and Raise" To Continue

Goldman Sachs boosted estimate and its price target on TJX Companies (NYSE: TJX) from $41 to $42 following solid Q1 results, saying the conservative guidance sets stage for continued beat and raise. That said, the firm is keeping their Neutral rating.

Goldman raised EPS estimates for FY2012/FY2013/FY2014 to $2.47/$2.73/$3.06 from $2.42/$2.67/$3.03.

While Goldman continues to see the company as a secular share gainer with an attractive 10%-13% EPS CAGR they said, "the market appears to have factored in this favorable outlook with the shares trading at a peak 16.7X our revised NTM EPS, equating to a peak 33% premium to the S&P 500."

For an analyst ratings summary and ratings history on The TJX Companies click here. For more ratings news on The TJX Companies click here.

Shares of The TJX Companies closed at $42.45 yesterday.

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