There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on TJX Companies (TJX) and Best Buy Co (BBY) with bullish sentiments.
TJX Companies (TJX)
In a report released today, Simeon Siegel from Nomura maintained a Buy rating on TJX Companies, with a price target of $55. The company’s shares closed yesterday at $46.82.
According to TipRanks.com, Siegel is a 3-star analyst with an average return of 2.8% and a 51.6% success rate. Siegel covers the Services sector, focusing on stocks such as Abercrombie Fitch, Urban Outfitters, and Nordstrom Inc.
TJX Companies has an analyst consensus of Moderate Buy, with a price target consensus of $57.47, representing a 22.7% upside. In a report issued on November 7, Morgan Stanley also maintained a Buy rating on the stock with a $59.50 price target.
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Best Buy Co (BBY)
Raymond James analyst Dan Wewer maintained a Buy rating on Best Buy Co today and set a price target of $85. The company’s shares closed yesterday at $63.53.
According to TipRanks.com, Wewer is a 3-star analyst with an average return of 0.8% and a 49.1% success rate. Wewer covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Dick’s Sporting Goods, and Michaels Companies.
Currently, the analyst consensus on Best Buy Co is a Moderate Buy with an average price target of $76.36, implying a 20.2% upside from current levels. In a report issued on November 12, Loop Capital Markets also maintained a Buy rating on the stock with a $88 price target.
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