BJ’s Wholesale price target lowered to $125 from $135 at Jefferies

Jefferies analyst Corey Tarlowe lowered the firm’s price target on BJ‘s Wholesale (BJ) to $125 from $135 and keeps a Buy rating on the shares. The company’s Q2 earnings per share beat expectations on strong digital and membership growth, though comps came in light at 2.3%, the analyst tells investors in a research note. The firm said that, despite macro pressures, BJ’s remains well-positioned to gain market share, particularly in grocery, adding that H2 comps are weighing on the shares.