
Shares of off-price retailer TJX TJX.N up 1.5% at $148.10 in afternoon trading
Co lifts annual sales and profit forecast, betting on wide-sourcing network and seasonal assortments
At least 7 brokerages raised PT
Median PT of 21 brokerages is $165 — data compiled by LSEG
GAINS ON TARIFF RESILIENCE AND MARGIN STRENGTH
Wells Fargo ("Equalweight", PT: $145): Expected to continue to offset tariff impacts in Q4, with gross margin guided to more expansion
Citi ("Buy", PT: $168): Sees TJX and off-price model to thrive in the current environment, with dislocation from tariffs driving product availability and consumers increasingly
searching for value
BofA ("Buy", PT: $168): Strong comps were aided by price increases, as management did not call out transactions as the key comp driver
Morgan Stanley ("Overweight", PT:$162): Tariff resilience, structurally higher margins merit premium valuation on stock