UBS raised the firm’s price target on BJ‘s Wholesale to $89 from $81 and keeps a Buy rating on the shares. While investors were braced for BJ’s to report relatively modest Q4 results amid a softer macro backdrop, there were multiple underlying data points that suggest its long term algorithm calling for mid-single digit revenue growth and high-single to low-double digit EPS remains quite achievable over time, the firm says.
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Read More on BJ:
- BJ’s Wholesale price target raised to $92 from $90 at DA Davidson
- BJ’s Wholesale price target raised to $90 from $80 at BofA
- BJ’s Wholesale price target raised to $85 from $75 at Loop Capital
- BJ’s Wholesale price target raised to $75 from $70 at Wells Fargo
- BJ’s Wholesale price target raised to $90 from $80 at Baird
