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Fly News Breaks for February 13, 2020
COST, BJ
Feb 13, 2020 | 06:16 EDT
Credit Suisse analyst Judah Frommer initiated coverage of BJ's Wholesale Club Holdings (BJ) with an Outperform rating and $25 price target. The analyst says that with the shares trading at or near an all-time low valuation and widest discount to Costco (COST) since coming public, he sees an opportunity to own the stock into 2020 as both its ex-fuel comps and earnings growth will likely accelerate year-on-year. Further, progress on BJ's internal initiatives should move the company more squarely into the warehouse club camp, Frommer tells investors in a research note.