◆ Mixed
Listen · Pro
Cantor Fitzgerald initiates coverage of TJX at Neutral with $139 price target (Nov 10)
What happened
Cantor Fitzgerald initiated coverage of The TJX Companies (TJX) at Neutral and set a price target of $139, according to a TradingView/Benzinga item published at 12:53 UTC on Tuesday, November 10. The target is roughly in line with TJX's November 9 close of $138.13, implying essentially no upside. TJX shares opened Tuesday at $138.02 and are up about 2% on the day. The initiation comes eight days before TJX reports fiscal third-quarter results on Wednesday, November 18, before the market opens.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- TJX (TJ Maxx, Marshalls, HomeGoods) — a Neutral initiation at the current price signals no near-term upside in Cantor's view ahead of earnings; off-price peers Ross Stores and Burlington, which tend to trade with TJX on sector analyst sentiment.
Sources