Citigroup Downgrades TJX Companies to Neutral, Raises Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez has downgraded TJX Companies from Buy to Neutral, while raising the price target from $110 to $128.
August 22, 2024 | 12:30 pm
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NEUTRAL IMPACT
Citigroup has downgraded TJX Companies from Buy to Neutral, indicating a more cautious outlook. However, the price target has been raised to $128, suggesting potential for price appreciation.
The downgrade from Buy to Neutral suggests a less optimistic view on TJX's short-term performance, which could lead to a neutral impact on the stock price. However, the raised price target to $128 indicates potential for future price appreciation, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100