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One Reason Why TJX Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of TJX (TJX) were increasing in mid-morning trading on Wednesday as analysts remained bullish despite the company's lower-than-anticipated third quarter and full-year outlook yesterday.

The stock tumbled nearly 6% on Tuesday following the off-price retailer's quarterly report.

Wedbush is still upbeat on the company's fundamentals, which the firm said have not changed. The firm upped its price target on shares to $84 from $82 and maintained its "outperform" rating, the Fly reports.

The firm said wage pressures and adverse foreign exchange fluctuations reported by...