NEW YORK (TheStreet) -- Shares of TJX Cos. (TJX) are climbing, up 1.35% to $66.12 in early market trading Wednesday, after the discount retailer was added to the "conviction" buy list at Goldman Sachs and upgraded to "buy" from "neutral" this morning.
The firm also raised its price target on shares of the off-price apparel and home fashions retailer to $78 from $71.
Goldman Sachs analysts said the company's weak third quarter was likely an aberration, and that TJX Cos. has an under-appreciated international presence.
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Separately, TheStreet Ratings team rates TJX COMPANIES INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TJX COMPANIES INC (TJX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: