BJ’s Wholesale price target raised to $130 from $123 at DA Davidson

DA Davidson raised the firm’s price target on BJ‘s Wholesale (BJ) to $130 from $123 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm notes that the positive investment themes underpinning its Buy rating were evident in their results, which include share gains from a strong value positioning, an improved produce offering, and improvements in general merchandise, the analyst tells investors in a research note. BJ’s is in only 21 states, but the company is proving they can be a nationwide retailer, which means “plenty of growth from here”, the firm added.