Infinera Corp:target $13.50
Goldman Sachs upgraded INFN from Neutral to Buy with a price target of $13.50 (from $10.00).
Analyst Doug Clark comments “The company will begin shipping its latest DCI product Cloud Xpress 2 in the second quarter of 2017, followed by cascading introductions throughout 2017. As a result, revenue recognition and contributions should start in 2Q17 and progress into 2018.”
TJX Companies:targey $97.00
The analyst commented, “We reiterate our Buy rating on TJX and add it to the Americas Conviction List. We continue to believe TJX offers a compelling combination of long-term secular growth and near-term catalysts. We view TJX as a secular winner in apparel, growing market share at the expense of department stores, and a key beneficiary of the unraveling of the regional mall. As evidence, traffic has been running up low-tomid single digits, in contrast to department stores down mid-to-high single digits. Additionally, the buying environment remains robust, with the market still flush with excess product available to TJX at discounted prices. As wage pressure fades, we expect TJX to resume its more consistent high-single to low-double digit EPS growth algorithm. Our 12-month price target is $97 and implies 23% upside.”Tags: INFN, TJX