BJ’s Wholesale price target raised to $110 from $95 at Loop Capital

Loop Capital analyst Laura Champine raised the firm’s price target on BJ‘s Wholesale (BJ) to $110 from $95 and keeps a Hold rating on the shares. The analyst cites the company’s better than expected Q4 results, with 5% comps growth exceeding the 3% estimate, the analyst tells investors in a research note. Consumers are value-oriented given grocery inflation, which benefits BJ’s, and the company’s fee increase on January 1 has not resulted in a churn rate spike thus far, Loop added.