Good News: TJX Profiting from Recession

Name brands? At a discount? Who the heck doesn't want that during a recession?

Nobody, apparently -- which would explain the increasing traffic levels at off-price retailer TJX (TJX Quote). Lazard Capital Markets analyst Todd Slater said the company is poised to benefit as consumer spending improves and raised his price target on the stock to $37 from $36.

"We see TJX as a strong offensive play into an improving consumer environment," Slater wrote in a note on Monday. ...