CFRA raises TJX Companies target to $92, maintains hold By Investing.com ...Middle East

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CFRA raises TJX Companies target to $92, maintains hold By Investing.com
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© Reuters. On Wednesday, CFRA made an adjustment to its outlook on The TJX Companies (NYSE:), increasing the 12-month price target to $92 from the previous $85. The firm maintained its Hold rating on the stock. The revised target is based on a multiple of 22.4 times CFRA’s fiscal year 2025 earnings per share (EPS) projection, which aligns with the retailer’s three-year average forward price-to-earnings (P/E) ratio. CFRA also adjusted its fiscal year 2025 EPS estimate for TJX, raising it by $0.10 to $4.10 and introduced a fiscal year 2026 EPS estimate of $4.35. The company reported a normalized fourth-quarter EPS of $1.12, matching consensus estimates, and revenue of $16.4 billion, whi

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