Wells Fargo raised the firm’s price target on BJ‘s Wholesale (BJ) to $127 from $125 and keeps an Overweight rating on the shares. The firm says BJ’s Q1 beat demonstrated continued strength in a choppy backdrop. The retail outlook is uncertain, and BJ seems poised to play offense, but guidance looks increasingly conservative, Wells notes, adding that the stock isn’t cheap, but still a solid investment option.
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Read More on BJ:
- Balanced Outlook on BJ’s Wholesale Club: Strong Earnings and Growth Amid Valuation Concerns
- Mixed Signals for BJ’s Wholesale Club: Strong Growth Amidst Valuation Concerns Justifies Hold Rating
- BJ’s Wholesale Club Holdings: Strong Performance and Growth Potential Amid Challenging Consumer Environment
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- BJ’s Wholesale Club Reports Strong Q1 Fiscal 2025 Results
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