Jefferies downgraded BJ‘s Wholesale (BJ) to Hold from Buy with a price target of $90, down from $120. The company’s growth is shifting toward competitive markets, which raises its execution and margin risk, the analyst tells investors in a research note. Jefferies’ analysis shows that BJ’s space in core regions is limited, while its Western expansion and Dallas-Fort Worth rollout add risk. With these potential headwinds and its concerns around food inflation, Jefferies sees the company’s comps trending closer to 2%, below the 3% consensus estimates, through 2028.
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Read More on BJ:
- BJ’s Wholesale downgraded to Hold from Buy at Melius Research
- BJ’s Wholesale a ‘bargain-priced alternative to Costco/Walmart’, says Barron’s
- BJ’s Wholesale price target lowered to $100 from $105 at Morgan Stanley
- BJ’s Wholesale resumed with a Hold at Deutsche Bank
- Barclays downgrades BJ’s to Underweight on sales growth concerns