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Nomura Reiterates “Buy” on TJX Companies; Target, Estimates Boosted (TJX)

By Dividend.com April 09, 2012, 09:02:54 AM EDT

Discount apparel and home goods retailer The TJX Companies, Inc. ( TJX ) on Monday caught some further positive commentary from analysts at Nomura Securities.

The firm reiterated its "Buy" rating on TJX and lifted its price target from $38 to $43. That enw target suggests a 7% upside to the stock's Thursday closing price of $40.29.

Nomura analyst Paul Lejuez commented, "[TJX] indicated that it had solid performance in the Southeast (and the West was +msd)…At TJX, we are raising our 1Q12E from $0.48 to $0.53 and our F12E from $2.38 to $2.49."

The TJX Companies shares fell 96 cents, or -2.4%, in premarket trading Monday.

The Bottom Line
Shares of TJX Companies ( TJX ) have a 1.14% dividend yield, based on Friday's closing stock price of $40.29. The stock has technical support in the $37-$38 price area. The shares are trading at all-time highs.

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.


This article appears in: Investing, Stocks

Referenced Stocks: TJX



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