BJ’s Wholesale price target raised to $90 from $80 at Baird

Baird analyst Peter Benedict raised the firm’s price target on BJ‘s Wholesale to $90 from $80 and keeps an Outperform rating on the shares. The firm said 4Q adjusted EPS beat expectations and 2024 EPS guidance captured the Street. Importantly, top-line KPI’s are improving, new clubs continue to outperform, and BJ’s member base has never been stronger.