Wells Fargo analyst Ike Boruchow raised the price target on The TJX Companies (NYSE: TJX) to $145.00 (from $140.00) while maintaining a Equal Weight rating.

The analyst comments "Another strong print. TJX continues to perform, strong comps and now offsetting tariff impacts, benefiting from an outstanding buying environment with rev/GM upside. Valuation remains the issue, but story still working with a strong start to 4Q. Thoughts on 3Q. TJX continues to surpass expectations with no holes to poke—hurdling buyside bars with strength cross all divisions going into 4Q. Any concerns around the impact of tariffs were put to rest, as TJX mitigated all impacts and also guided to full 4Q mitigation, and we view the reit 4Q guide (comp +2-3%) as conservative. Still, w/ TJX trading near all-time valuation highs (~30x P/E), there is little room for error, and we remain EW w/ $145 PT based on 28x FY26E EPS."