Fly News Breaks for February 26, 2015
TJX
Feb 26, 2015 | 08:19 EDT
As previously reported, MKM Partners downgraded TJX to Neutral from Buy. The firm said FY15 guidance was below expectations due to FX, which was not a surprise, and higher investment spending and wages. MKM Partners lowered estimates and cut its price target to $68 from $74 and said risk/reward as less favorable.
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