Lazard Boosts Target, Estimates for TJX Companies; Sees Strong Sales Momentum (TJX)


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Discount apparel and home goods retailer The TJX Companies, Inc. ( TJX ) on Wednesday caught some bullish commentary from analysts at Lazard.

The firm maintained its "Buy" rating on TJX and lifted its price target to $50. That new target suggests a 22% upside to the stock's Tuesday closing price of $45.03.

Lazard also boosted its earnings estimates for the company through 2013, citing significant sales momentum that it expects to carry into the second half of this year.

The TJX Companies shares rose 27 cents, or +0.6%, in premarket trading Wednesday.

The Bottom Line
Shares of TJX Companies ( TJX ) have a 1.02% dividend yield, based on last night's closing stock price of $45.03. The stock has technical support in the $40-$41 price area. The shares are trading near all-time highs.

The TJX Companies, Inc. ( TJX ) is not recommended at this time, holding a 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 Nasdaq, Inc.

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This article appears in: Investing , Stocks

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