Why TJX Companies Stock Climbed While the Market Sputtered Today
An analyst reiterated his very optimistic take on the popular retailer.
Why TJX Companies Stock Climbed While the Market Sputtered Today
Overview
Well before market open on Tuesday, a global bank reiterated its bullish view on retailer TJX Companies (NYSE: TJX). Clearly taken by this assessment, investors pushed into the T.J. Maxx and Marshalls owner's equity, boosting it more than 3% higher across that day's trading session.
The analyst behind the update was UBS prognosticator Jay Sole, who maintained his buy recommendation and $197 per share price target on TJX. That's more than 19% above the stock's latest closing price.
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
