UBS lowered the firm’s price target on BJ‘s Wholesale to $81 from $83 and keeps a Buy rating on the shares. BJ’s results were “mixed,” with the 1.1% core comp driven by traffic and largely healthy membership metrics, but its general merchandise business continued to lag, the analyst tells investors in a research note. The company’s long term strategy is still working, even with likely bumps along the way, the firm contends.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BJ:
- BJ’s Wholesale price target lowered to $80 from $85 at BofA
- BJ’s (NYSE: BJ) Slides as Q2 Sales Slip and Earnings Dip
- Options Volatility and Implied Earnings Moves Today, August 22, 2023
- BJ’s Wholesale sees FY23 adjusted EPS $3.80-$3.92, consensus $3.87
- BJ’s Wholesale reports Q2 digitally enabled comparable sales growth 15.0% y/y