BJ’s Wholesale out-comping Costco over past two quarters, says Loop Capital

Loop Capital keeps a Buy rating and $85 price target on BJ‘s Wholesale (BJ). The company is out-comping Costco (COST) over the past two quarters as it wins more customers with its core grocery business, the analyst tells investors in a research note. The firm adds that the private label business is becoming “more of a strength” at BJ’s, and that its general merchandise is set to improve in the second half of the year.