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Stock impact report

Top Street analyst is right about the stock of this off-price retailer: It's a buy [MSNBC.com]

TJX Companies, Inc. (The) (TJX) 
Last tjx companies, inc. (the) earnings: 2/26 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.tjx.com
Company Research Source: MSNBC.com
A top Wall Street analyst's stellar endorsement of TJX Companies makes us want to buy more shares of the discount retailer. Matt Boss of JPMorgan — Jim Cramer's favorite retail analyst — said Friday that several off-price retailers, including Ross Stores , Burlington Stores , and Club holding TJX, were buys. Boss cited favorable momentum in the current quarter for those companies as value-focused consumers grow increasingly cautious in their spending habits. Shares of TJX — the company behind T.J. Maxx, Marshalls, and HomeGoods — have gained roughly 6% year to date but still lagged the S & P 500 's 11% gain over the same stretch. TJX has been trying to get back to its March record-high close of $101.42 and February's intraday all-time high after taking a detour during a terrible April, which also proved challenging for the overall market. "The stock has been in a total holding pattern," Jim said while talking about the JPMorgan note Friday morning on CNBC's "Squawk on the Street." Bos Show less Read more
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