These Analysts Boost Their Forecasts On TJX Companies After Upbeat Q2 Earnings
Portfolio Pulse from Lisa Levin
TJX Companies Inc reported better-than-expected Q2 earnings with sales growth of 8% YoY to $12.76 billion, beating the analyst consensus estimate of $12.45 billion. The company raised its FY24 adjusted EPS outlook to $3.56 - $3.62, against the consensus of $3.59. Following the earnings announcement, several analysts increased their price targets on TJX.
August 17, 2023 | 12:22 pm
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TJX Companies reported strong Q2 earnings and raised its FY24 EPS outlook, leading to increased price targets from several analysts.
TJX Companies reported better-than-expected Q2 earnings and raised its FY24 EPS outlook. This positive financial performance is likely to increase investor confidence and demand for the stock, potentially driving its price up in the short term. Several analysts have already responded by increasing their price targets on TJX.
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IMPORTANCE 80
RELEVANCE 100