Wedbush Reiterates Outperform on BJ's Restaurants, Maintains $33 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has reiterated an Outperform rating on BJ's Restaurants (NASDAQ:BJRI) and maintained a price target of $33.
November 15, 2023 | 1:40 pm
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Wedbush analyst Nick Setyan reaffirmed an Outperform rating on BJ's Restaurants with a price target of $33, indicating a positive outlook on the stock.
The reiteration of an Outperform rating by a respected analyst like Nick Setyan from Wedbush is a positive signal for investors, suggesting that the analyst has a favorable view of the company's future performance. The maintenance of the $33 price target indicates that the analyst's valuation of the company remains unchanged, which could reinforce investor confidence in BJ's Restaurants and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100