Roth Capital raised the firm’s price target on BJ‘s Wholesale (BJ) to $106 from $101 and keeps a Neutral rating on the shares after its Q1 earnings beat. The company’s results have been “remarkably steady”, showcasing strong renewal rates, higher-tier mix benefits, progress in general merchandise, improving fresh categories, increased private-label penetration, and accelerated new club opportunities, the analyst tells investors in a research note.
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