BofA cuts TJX price target to $170 from $175, keeps Buy, on higher freight costs
What happened
BofA lowered its price target on TJX to $170 from $175 and kept a Buy rating. The firm cut off-price retailer estimates to reflect higher freight costs pressuring FY27 margins as contracts renew, reducing FY27 estimates for TJX by 3% (Ross by 3%, Burlington by 6%) to reflect about 60 basis points of incremental gross margin pressure. The action was published Tuesday morning, Oct 27.
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Start your free 14-day trialWho’s affected
- TJX (TJX): target cut reflects FY27 margin pressure from freight-contract renewals; read-through to off-price peers Ross (ROST) and Burlington (BURL), whose estimates were cut 3% and 6%
Sources