Wells Fargo cuts TJX price target to $135 from $140, keeps Equal Weight rating
What happened
Wells Fargo lowered its price target on TJX Companies (TJX) to $135 from $140 and maintained an Equal Weight rating on the shares, TheFly reported on the morning of November 13, 2026. The firm said it is cautious heading into TJX's fiscal Q3 results, does not believe the Marmaxx division has turned the corner, and sees room for the stock's valuation to keep contracting back toward historic levels given the trajectory of the business.
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Start your free 14-day trialWho’s affected
- TJX Companies (TJX) — direct target: lower price target and cautious Marmaxx commentary into earnings
- Off-price retail peers (e.g. Ross Stores) — read-through if Marmaxx softness signals broader off-price demand or margin pressure
Sources