Evercore ISI lowered the firm’s price target on BJ‘s Wholesale (BJ) to $85 from $100 and keeps an In Line rating on the shares. Evercore also added the shares to its “Tactical Underperform” list ahead of the Q3 report on November 21. The firm reduced 2025 and 2026 earnings estimates, saying BJ’s will need modest price investment and wage related investment in order to help stabilize market share and drive inventory turnover. Evercore expects the company’s Q3 earnings and comp sales to miss consensus estimates.
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