BJ's Wholesale (BJ) PT Raised to $95 at BofA Securities

BofA Securities analyst Robert Ohmes raised the price target on BJ's Wholesale (NYSE: BJ) to $95.00 (from $90.00) while maintaining a Buy rating.

The analyst comments "We continue to expect 20bps of y/y merchandise margin (ex-gas) expansion in F25 given growth of Own Brands and strong cost management (incl. SKU rationalization). BJ introduced its own food storage bags in F1Q (latest offering in sundries category) as consumers seek greater value than national brands. BJ also continues to gain share in its gas business, while profits were below expectations in 1Q."

You May Also Be Interested In

• Deutsche Bank Downgrades L'Oreal SA (OR:FP) (LRLCY) to Sell
• Winnebago Industries (WGO) PT Lowered to $40 at Benchmark on Pressured NT Demand
• Evercore ISI Starts Permian Resources Corp (PR) at Outperform