Evercore ISI raised the firm’s price target on BJ‘s Wholesale (BJ) to $95 from $85 and keeps an In Line rating on the shares. BJ’s is showing strong member-centric growth with renewal rates at record highs and digital sales up 30% year-over-year, but current cyclical headwinds and competitive pressures may temper immediate gains, the analyst tells investors in a post-earnings note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BJ:
- BJ’s Wholesale price target lowered to $105 from $115 at Morgan Stanley
- BJ’s Wholesale price target lowered to $115 from $130 at Baird
- BJ’s Wholesale price target lowered to $120 from $125 at UBS
- BJ’s Wholesale Club Holdings: Strong Performance and Strategic Initiatives Justify Buy Rating
- BJ’s Wholesale Club Holdings: Balancing Strong Performance with Competitive Pressures Justifies Hold Rating