TD Cowen Reiterates Buy on TJX, Lifts Price Target on Easing Tariffs
From Yahoo Finance: 2025-05-20 17:26:00
TD Cowen reiterated its Buy rating on The TJX Companies Inc. while raising the price target to $142 due to eased China tariff rates. Analyst John Kernan anticipates strong off-price buying environment in H2 2025 and increased same-store sales potential, praising TJX’s value to consumers and diverse product range.
Kernan also noted TJX’s effective merchandising strategies and management’s confidence in inventory availability post-Liberation Day. The global off-price retailer operates through four segments and sells products through stores and e-commerce sites, positioning well in economic uncertainties.
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