Discount apparel and home goods retailer The TJX Companies, Inc.
) 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
The Bottom Line
Shares of TJX Companies (
) 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. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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