UPDATE: Sterne Agee Initiates The TJX Companies at Buy on Positive Set-Up
Posted on March 04, 2013 at 10:41 AM EST
In a report published Monday, Sterne Agee initiated coverage on The TJX Companies (NYSE: TJX ) with a Buy rating and $50.00 price target. Sterne Agee noted, “While we acknowledge that macro pressures are currently impacting top-line results (at the same time margins are peaking and compares get tough), we