Younger Consumers Can Lift These 3 Retail Stocks, Bank of America Says
TJX(TJX) Investopedia·2024-09-19 01:36
Key TakeawaysBank of America analysts think value-seeking younger shoppers can support the outlook for off-price apparel retailers. The bank said shares of Burlington Stores, Ross Stores, and TJX have a "long runway."Bank of America said the share of spending by millennials and Gen Zers on value apparel has risen in the past year. Demand from younger shoppers should benefit off-price apparel retailers like Burlington Stores (BURL), Ross Stores (ROST), and TJX (TJX), according to Bank of America analysts. S ...