TJX (TJX) is capable of taking major market share from department store peers over the next few years, UBS Securities said in a note emailed Thursday.
Building on this, UBS said that TJX's upcoming business and international operation have "significant potential" and forecasts the company to deliver about a 10.5% five-year earnings per share compound annual growth rate.
UBS also lifted its EPS estimate for 2025 by 2% driven by the company's Q2 EPS beat, and also raised its 2026 and 2027 EPS estimates by about 1%, respectively.
UBS reiterated its buy rating on TJX and raised its price target to $172 from $164.
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