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Fly News Breaks for August 28, 2018
BJ
Aug 28, 2018 | 10:04 EDT
Loop Capital analyst Laura Champine raised her price target on BJ's Wholesale shares to $30 from $28 after the company reported better same-store sales than she expected in Q2. She believes BJ's will grow EBITDA 31%, driven in large part by a 10% membership fee increase, and she sees merchandise SSS turning positive this year for the first time in at least six years. Champine keeps a Buy rating on BJ's shares, which are down 6.6% to $25.28 in early trading.