JPMorgan Upgrades BJ's Wholesale (BJ) to Overweight on 'substantial upside potential'

JPMorgan analyst Christopher Horvers upgraded BJ's Wholesale (NYSE: BJ) from Neutral to Overweight with a price target of $29.00 (from $28.00).

The analyst comments "We rate BJ Overweight based on the potential for comp acceleration on merchandising initiatives, margin tailwinds/flexibility, and relatively cheaper valuation vs. peers."

For an analyst ratings summary and ratings history on BJ's Wholesale click here. For more ratings news on BJ's Wholesale click here.

Shares of BJ's Wholesale closed at $22.99 yesterday.

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