Hormuz's Hidden Tax: Discount Retailers Haven't Paid for the Diesel Shock Yet, Bank of America Warns
Bank of America cuts TJX, Ross and Burlington targets, saying record diesel costs will hit margins when trucking contracts renew in April.
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TJX Companies shares rise 0.51% after hours following a new board appointment and a reaffirmed quarterly dividend.
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Bank of America cuts TJX, Ross and Burlington targets, saying record diesel costs will hit margins when trucking contracts renew in April.
BofA Global Research has lowered its price objective for The TJX Companies, Inc. from $175 to $170.
Analyst Spencer Hanus has initiated coverage on The TJX Companies, Inc. with a Hold rating.
Zacks highlights three stocks with recent broker rating upgrades: Allegion (security products), United Rentals (equipment rental), and Clean Harbors (environmental services). All three companies show strong 2026 earnings growth projections and have received positive analyst revisions over the past four weeks, supported by solid corporate fundamentals amid market volatility.
Herc Holdings surged over 22% after delivering a strong Q3 earnings beat with adjusted EPS up 76.1% and raising full-year guidance. The company successfully integrated H&E Equipment Services and is capitalizing on mega-projects in data centers and oil & gas, while higher interest rates drive customers to lease rather than buy equipment. Trading at reasonable valuations relative to peers, Herc appears well-positioned for continued industrial growth.