Gordon Haskett raised the firm’s price target on BJ‘s Wholesale (BJ) to $130 from $120 and keeps a Buy rating on the shares. The firm notes the company delivered a healthy Q4 print, outlined an achievable plan for 2025, and most importantly, provided both duration/visibility for both new club growth and sales productivity in the years to come. As a result, the stock is “up nicely,” and Gordon Haskett thinks more upside is in the cards as the warehouse club operator continues to execute nicely.
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Read More on BJ:
- BJ Stock Surges on BJ’s Wholesale Club Expansion Plans
- BJ’s Wholesale plans to open 25-30 clubs over the next two fiscal years
- Morning Movers: Burlington jumps and Macy’s falls as retailers report earnings
- Strong Performance and Positive Outlook: Buy Rating for BJ’s Wholesale Club Holdings
- BJ’s Wholesale reports Q4 adjusted EPS 93c, consensus 87c
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