Morgan Stanley lowered the firm’s price target on BJ‘s Wholesale (BJ) to $105 from $115 and keeps an Equal Weight rating on the shares. While continuing to elevate member engagement and drive e-commerce and convenience penetration, investments to maintain price competitiveness keep near-term earnings revisions “muted,” the analyst tells investors in a note following the company’s Q3 report.
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Read More on BJ:
- BJ’s Wholesale price target lowered to $115 from $130 at Baird
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