TJX Companies reports strong results but lowers price target amid cautious guidance

TJX Companies has announced strong quarterly results that exceeded expectations. Although the company's guidance fell slightly short of analyst forecasts, investors are not concerned due to the company's history of under-promising and over-delivering.

TJX, known for its off-price retail model, continues to show resilience in the competitive retail industry. Analysts are adjusting their price targets for TJX, indicating confidence in the company's ability to effectively navigate market challenges.

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