BJ’s Wholesale price target raised to $86 from $80 at Evercore ISI

Evercore ISI raised the firm’s price target on BJ‘s Wholesale to $86 from $80 and keeps an In Line rating on the shares. BJ’s is elevating the value of its membership via enhanced merchandising, multichannel, club growth and services while managing cyclical headwinds, all of which was “on display” in fiscal Q1, the analyst tells investors. The firm’s boosted base case target represents a market multiple on its 2025 estimates, the analyst noted.