BJ’s Wholesale price target raised to $95 from $92 at DA Davidson

DA Davidson analyst Michael Baker raised the firm’s price target on BJ‘s Wholesale to $95 from $92 and keeps a Buy rating on the shares. The company’s Q1 results featured an earnings beat and acceleration in club growth that helped offset lower than expected per gallon profits in gas, the analyst tells investors in a research note. Trends should improve from here on both the comp and merchandise gross margin lines, and gas profits are already trending better, the firm added.