Bernstein Boosts TJX Companies (TJX) Price Target Following Strong Quarterly Results

Bernstein SocGen Group increased its price target for The TJX Companies, Inc. (NYSE:TJX) to $155 from $152, maintaining an Outperform rating due to strong quarterly results. The firm highlighted TJX's impressive 5% improvement in consolidated comparable sales and a 40 basis point increase in pre-tax profit margin, driven by its off-price business strategy and effective advertising. Bernstein expressed confidence in TJX's long-term prospects, expecting further EPS outperformance given its consistent strong performance in retail.