Morgan Stanley raised the firm’s price target on BJ‘s Wholesale (BJ) to $115 from $98 and keeps an Equal Weight rating on the shares. Sustained Q4 comp momentum and guidance for continued comp growth and margin expansion in 2025 while expanding in e-commerce and ramping new stores “underscores the compelling features of the club model,” but gross margin headwinds “remain the key risk to watch,” the analyst tells investors.
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Read More on BJ:
- BJ’s Wholesale price target raised to $135 from $115 at TD Cowen
- BJ’s Wholesale price target raised to $130 from $123 at DA Davidson
- BJ’s Wholesale price target raised to $115 from $101 at Citi
- BJ’s Wholesale price target raised to $125 from $115 at Baird
- Balanced Outlook on BJ’s Wholesale Club: Resilience Amid Inflationary Pressures with Cautious Hold Rating
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