BJ’s Wholesale price target raised to $75 from $68 at Roth MKM

Roth MKM raised the firm’s price target on BJ‘s Wholesale to $75 from $68 and keeps a Neutral rating on the shares. While BJ’s profitability faces some new headwinds, longer-term signals are very encouraging, including that traffic is accelerating, improvements are broad-based, and while BJ’s is below its long-term algorithm, the leading fundamentals are improving, the analyst tells investors in a research note.