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Fly News Breaks for November 22, 2019
Nov 22, 2019 | 09:40 EDT
Loop Capital analyst Laura Champine lowered her price target on BJ's Wholesale to $30 from $35 to reflect the company's lower than expected comps reported in Q3. The analyst also notes that the higher gross margins and earnings beat at BJ's indicates that the management has traded in its focus on margins for sales. Champine still keeps her Buy rating on the stock as the company executes its strategy at an "incremental pace" amid a "favorable operating environment" for warehouse clubs.