Deutsche Bank lowered the firm’s price target on BJ‘s Wholesale to $67 from $71 and keeps a Hold rating on the shares. Given the tough macro backdrop, BJ’s reported relatively solid results, the analyst tells investors in a research note. However, it sales were softer than expected and the Q4 outlook was guided lower with a wide range of outcomes, says the firm.
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Read More on BJ:
- BJ’s Wholesale removed from ‘Tactical Underperform’ list at Evercore ISI
- BJ’s Wholesale price target lowered to $58 from $62 at JPMorgan
- BJ’s Wholesale price target lowered to $72 from $74 at Citi
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