Roth MKM raised the firm’s price target on BJ‘s Wholesale (BJ) to $87 from $75 and keeps a Neutral rating on the shares. BJ’s beat consensus expectations, but Roth MKM estimates this was mostly due to non-recurring/reversing items, the analyst tells investors in a research note. BJ’s is executing well, but the firm says it does not share the full enthusiasm seen in the market reaction with discrete benefits and Q4 EPS guidance below consensus.
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Read More on BJ:
- BJ’s Wholesale Hits New 52-Week High on Membership Fee Hike News
- BJ’s Wholesale price target raised to $95 from $88 at Evercore ISI
- BJ’s Wholesale price target raised to $110 from $95 at TD Cowen
- BJ’s Wholesale price target raised to $95 from $85 at Loop Capital
- BJ’s Wholesale price target raised to $108 from $102 at UBS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
