BJ’s Wholesale price target raised to $92 from $90 at DA Davidson

DA Davidson raised the firm’s price target on BJ‘s Wholesale to $92 from $90 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s past investments in general merchandise categories are starting to pay off, its investments in value driving own brands are helping to drive share among lower end demographics, and the success with new stores in new markets highlights the potential for BJ’s to be a much bigger company in the future, the analyst tells investors in a research note.