Deutsche Bank Downgrades BJ's Wholesale Club to Hold, Lowers Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Krisztina Katai has downgraded BJ's Wholesale Club from Buy to Hold and lowered the price target from $79 to $71.
November 06, 2023 | 1:29 pm
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Deutsche Bank has downgraded BJ's Wholesale Club and lowered its price target, which could negatively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. A downgrade from Buy to Hold suggests that the analyst believes the stock's upside potential is limited. Additionally, a lower price target indicates a reduced expectation of the stock's future value. Both of these factors could lead to a negative sentiment among investors, potentially causing a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100