TJX Stock Predictions Looking Rosy
Written by Evan SchumanFor those who still argue that TJX is being bloodied by their data breach problems, here’s the latest tidbit, with a major financial firm increasining its stock price target for TJX, “encouraged by the discount retailer’s strong business trends and defensive business model.”
The Credit Suisse boost came when analyst Paul Lejuez raised his price target by $3 to $35, implying an upside of around 8 percent from Friday’s $27.31 closing price, according to this Forbes.com story. “With strong current business trends, a myriad of initiatives to continue to improve productivity and reduce the expense structure, and a defensive business model, TJX (nyse: TJX – news – people ) is well-positioned to beat expectations and outperform the group,” Lejuez wrote in a client note.
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Is there really an improvement between a mag swipe and contactless tap if multi-factor authentication is required?
-Ed
