Loop Capital lowered the firm’s price target on BJ‘s Wholesale to $80 from $85 but keeps a Buy rating on the shares after its Q2 results. The analyst cites the company having reported a comps miss on general merchandise but also reduces the firm’s top-line forecast for FY23 to “$1.2B below consensus” amid continued gas deflation and lower assumed core comps at 2% vs. 4% prior.
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Read More on BJ:
- BJ’s Wholesale price target lowered to $81 from $83 at UBS
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