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BJ’s Wholesale price target lowered to $120 from $125 at UBS

UBS lowered the firm’s price target on BJ‘s Wholesale (BJ) to $120 from $125 and keeps a Buy rating on the shares. BJ’s results indicate its model remains relevant, with improving general merchandise comps, solid membership gains, and continued momentum in Fresh 2.0, alongside reaffirmed store expansion plans, the analyst tells investors in a reserach note. Near-term concerns around a tough Q4 setup may weigh on sentiment, but the company is positioned to benefit from ongoing consumer shifts toward the value offered by club formats, UBS says.

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