Citi Turns Bullish On TJX Companies

by Shivani Kumaresan, Benzinga Staff Writer

November 29, 2021 8:48 AM | 1 min read

Citi analyst Paul Lejuez upgraded TJX Companies Inc TJX to Buy from Neutral, citing a more optimistic view of the off-price sector.
Lejuez said fiscal 2022 is "likely to have many curveballs" for retailers, and the off-price model "thrives on curveballs."
The analyst also added that the flexibility of the companies' models is key to success and can thrive in times of maximum disruption.
Lejuez also upgraded Burlington Stores Inc BURL to Buy from Neutral.
Price Action: TJX shares are trading higher by 2.61% at $71.17 in premarket on the last check Monday.