BJ’s Wholesale price target lowered to $90 from $95 at BofA

BofA lowered the firm’s price target on BJ‘s Wholesale to $90 from $95 and keeps a Buy rating on the shares. BJ’s reported fiscal Q2 adjusted EPS ahead of the firm’s estimate, driven by strength in membership, comparable sales and a lower tax rate, the analyst tells investors. However, the firm lowered its FY25 adjusted EPS estimate to $3.80 from $3.95 as BJ’s now expects EPS at the low end of its guidance range of $3.75-$4.00, the analyst noted.