TJX jumps 4% to a new high after earnings — here’s what investors love about the report

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Florida, Port St Lucie: TJMaxx, a cashier with a customer at check out.
Jeff Greenberg | Universal Images Group | Getty Images

TJX Companies shares climbed to an all-time high Wednesday after reporting better-than-expected fiscal first-quarter results Wednesday. The report showcased the off-price retailer’s appeal to bargain-hunting shoppers and prompted us to boost our price target on the stock.

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