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CNBC reports that TJX, the off-price retailer, has raised its price target following a quarter where annual sales surpassed $60 billion for the first time. The strong performance reflects robust consumer demand and effective inventory management. This milestone underscores TJX's market leadership in the retail sector. The move is likely to boost investor confidence in US equity markets, particularly in retail stocks. Analysts suggest this could drive further gains in TJX's share price.
