Goldman Sachs Cuts Estimates for The TJX Companies (TJX)

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Discount clothing and home goods retailer The TJX Companies, Inc. ( TJX ) on Wednesday saw its earnings estimates lowered by analysts at Goldman Sachs.

The firm said it cut its estimates for TJX through 2012, citing lower expected margins in upcoming quarters. Goldman maintained its "Neutral" rating and $46 price target, which represents a potential 10% upside to the stock's Wednesday closing price of $41.78.

TJX shares rose 58 cents, or +1.4%, in premarket trading Wednesday.

The Bottom Line
Shares of TJX have a 1.44% dividend yield, based on last night's closing stock price of $41.78. The stock has technical support in the $38-$40 price area. If the shares can firm up, we see overhead resistance around the $44 price level. We would remain on the sidelines for now.

The TJX Companies, Inc. ( TJX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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