JPMorgan lowered the firm’s price target on BJ‘s Wholesale (BJ) to $90 from $100 and keeps a Neutral rating on the shares. The firm adjusted targets in retailing group as part of a Q1 earnings preview. Tax stimulus more than offset the headwind from energy prices in the quarter, the analyst tells investors in a research note. However, JPMorgan expects very little guidance revisions considering the largest seasons, back to school and holiday, are ahead in a “high uncertainty” backdrop.
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