Gordon Haskett analyst Chuck Grom downgraded BJ‘s Wholesale (BJ) to Hold from Buy with a $105 price target ahead of the earnings report. The shares are “due for a breather” after rallying 70% over the past two years, the analyst tells investors in a research note. The firm cites valuation for the downgrade.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BJ: