BJ’s Wholesale price target lowered to $67 from $71 at Deutsche Bank

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.