This edge should enable it to gain market share.
has been getting a lot of attention from Wall Street analysts recently, as it has received several price target upgrades.
The retail conglomerate, which owns Marshalls, TJ Maxx, Sierra, and HomeGoods, received no fewer than 13 price target upgrades after it released quarterly earnings last week. Most notably, UBS boosted its target by $8 to $172 per share, while Citi bumped it up $20 to $160 per share. Those are just two examples but all of the major firms, from Goldman Sachs to JPMorgan Chase, are bullish on TJX stock, which is considered a buy by most analysts.
The company easily beat revenue and earnings estimates in its fiscal second quarter. Here are the key results:
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Net sales increased 7% to $14.4 billion, beating estimates of $14.1 billion.
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Net income rose 13% to $1.24 billion, or $1.10 per share, topping estimates of $1.01…
