TJX Cos Inc. Sees Surge in Analyst Support Amid Tariff Concerns

TJX Cos Inc. has been gaining momentum in the eyes of Wall Street analysts, with several major firms reaffirming their “Buy” ratings and boosting their price targets. This uptick in support comes as the company’s business model, which involves acquiring unsold inventory from other retailers, is seen as a potential safeguard against the impact of tariffs.

Among those reiterating their “Buy” ratings and increasing their price targets are BofA, Loop Capital and UBS. Notably, all three firms have raised their targets to above $145, with UBS going as high as $164. This renewed confidence in TJX Cos Inc. is a testament to the company’s ability to adapt and thrive in a rapidly changing retail landscape.

However, despite this analyst support, TJX Cos Inc.’s stock price has taken a hit following the company’s recent miss on same-store sales and guidance. The company has maintained its annual forecast, but the short-term volatility has left investors wondering about the company’s prospects.

Key Takeaways:

• Several major firms, including BofA and UBS, have reiterated their “Buy” ratings and increased their price targets for TJX Cos Inc.
• The company’s business model, which involves acquiring unsold inventory from other retailers, is seen as a potential shield against the impact of tariffs.
• Despite analyst support, TJX Cos Inc.’s stock price has fallen following a miss on same-store sales and guidance.
• The company has maintained its annual forecast, but the short-term volatility has left investors wondering about the company’s prospects.