Wall Street analysts generally have a “Strong Buy” recommendation for TJX (TJX), with an average brokerage recommendation (ABR) of 1.24. However, the article cautions against relying solely on ABRs due to potential positive bias from brokerage firms. Instead, it suggests using the ABR to validate an investor’s own analysis or in conjunction with the Zacks Rank, which for TJX is currently a Zacks Rank #2 (Buy) based on positive earnings estimate revisions.
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Wall Street Analysts See TJX (TJX) as a Buy: Should You Invest?
Wall Street analysts generally have a “Strong Buy” recommendation for TJX (TJX), with an average brokerage recommendation (ABR) of 1.24. However, the article cautions against relying solely on ABRs due to potential positive bias from brokerage firms. Instead, it suggests using the ABR to validate an investor’s own analysis or in conjunction with the Zacks Rank, which for TJX is currently a Zacks Rank #2 (Buy) based on positive earnings estimate revisions.