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The TJX Companies: Wall Street Recommends Buying the Stock

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Consensus analyst recommendation

The consensus analyst recommendation for The TJX Companies’ (TJX) stock is “buy.” This was recommended by 23 out of 33 analysts covering the stock. 69.7% of the analysts are recommending a “buy” for the stock, and 30.3% have a “hold” rating towards the stock. No analyst recommends selling the stock.

Prominent investment companies that have “buy” recommendations for the stock include Wells Fargo Securities, Nomura, Goldman Sachs, and Guggenheim Securities, whereas companies Morgan Stanley and Credit Suisse have “hold” recommendations for The TJX Companies. The average 12-month target price for the stock is $80.13, which means that if the target is achieved it would provide its investors with a return of 11.7%.

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Consensus analyst recommendation for peers

Among its closest peers, The TJX Companies (TJX) (XLY) is the only company that received a “buy” consensus analyst recommendation by Wall Street. Gap (GPS), Ross Stores (ROST), L Brands (LB), and Urban Outfitters (URBN) all received “hold” recommendations from Wall Street.

 

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