JPMorgan lowered the firm’s price target on BJ‘s Wholesale to $58 from $62 and keeps an Underweight rating on the shares. The company’s quarter was mixed with earnings upside to consensus driven by lower than expected comps, the analyst tells investors in a research note. The firm sees a “tough” first half of 2024 outlook for BJ’s and reduced estimates.
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Read More on BJ:
- BJ’s Wholesale price target lowered to $72 from $74 at Citi
- BJ’s Wholesale Club (NYSE:BJ) Slides on Modest Growth Projections
- Options Volatility and Implied Earnings Moves Today, November 17, 2023
- BJ’s Wholesale reports Q3 Digitally enabled comparable sales growth of 16% y/y
- BJ’s Wholesale backs FY23 adjusted EPS view $3.80-$3.92, consensus $3.85
