BJ’s Wholesale added to ‘Underperform Tactical Trading List’ at Evercore ISI

Evercore ISI added BJ‘s Wholesale to the firm’s “Underperform Tactical Trading List,” and sees near-term downside toward $62-$65 with earnings as the catalyst, the analyst tells investors in a research note. BJ’s is navigating a rocky road with a disinflationary backdrop and lackluster discretionary demand that is forecast to decelerate into 2H23, the firm says. Evercore keeps an In Line rating on the shares.