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

BofA raised the firm’s price target on BJ‘s Wholesale to $90 from $80 and keeps a Buy rating on the shares. The firm forecasts comparable ex-gas sales to be flat in Q1 and expects comps to build through the year on easier inflation comparisons and an improvement in the lower-income consumer, noting that it raised its multiple for BJ’s given rising peer multiples.