Deutsche Bank Remains a Buy on TJX Companies (TJX)


In a report released today, Paul Trussell from Deutsche Bank maintained a Buy rating on TJX Companies (TJX), with a price target of $69.00. The company’s shares closed last Monday at $61.82, close to its 52-week high of $64.30.

According to TipRanks.com, Trussell is a 4-star analyst with an average return of 4.2% and a 59.9% success rate. Trussell covers the Services sector, focusing on stocks such as Burlington Stores, Designer Brands, and Tailored Brands.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TJX Companies with a $68.25 average price target, which is a 10.7% upside from current levels. In a report issued on February 20, Morgan Stanley also maintained a Buy rating on the stock with a $72.00 price target.

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The company has a one-year high of $64.30 and a one-year low of $49.05. Currently, TJX Companies has an average volume of 4.61M.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TJX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The TJX Cos., Inc. engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International.

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