BJ’s Wholesale price target raised to $75 from $70 at Wells Fargo

Wells Fargo raised the firm’s price target on BJ‘s Wholesale to $75 from $70 and keeps an Equal Weight rating on the shares. BJ’s delivered a constructive Q4 update and while industry fundamentals look to be bottoming and Wells continues to like the fundamental story, the firm is struggling to get excited about the set up in 2024, the analyst tells investors in a research note.