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BJ’s Wholesale price target lowered to $115 from $125 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on BJ‘s Wholesale (BJ) to $115 from $125 and keeps an Equal Weight rating on the shares. The firm remains constructive on BJ’s long-term strategy, but sees second half gross margins being weighed down by price investments, tariffs and consumer sentiment, the analyst tells investors in a post-earnings note.

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