MKM Views TJX (TJX) as Core Holding as Performance Set to Continue
MKM Partners maintained a Buy on The TJX Companies (NYSE: TJX) with a price target of $50.00.
Analyst Patrick McKeever said "While we can't argue with taking some profits in TJX here with its 30% YTD run and the step-up in comparisons that begins in December and will continue through much of FY13, we continue to believe the company is among the best-positioned retailers and view the stock as a core long-term holding."
Shares of TJX moved higher this week following strong Q3 results, with solid earnings, traffic gains, and margin expansion. Analysts at MKM see these trends continuing.
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 $42.06 yesterday, with a 52 week range of $33.99-$69.01.
Analyst Patrick McKeever said "While we can't argue with taking some profits in TJX here with its 30% YTD run and the step-up in comparisons that begins in December and will continue through much of FY13, we continue to believe the company is among the best-positioned retailers and view the stock as a core long-term holding."
Shares of TJX moved higher this week following strong Q3 results, with solid earnings, traffic gains, and margin expansion. Analysts at MKM see these trends continuing.
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 $42.06 yesterday, with a 52 week range of $33.99-$69.01.