Wells Fargo Downgrades BJ's Wholesale Club to Equal-Weight, Announces $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Edward Kelly has downgraded BJ's Wholesale Club (NYSE:BJ) from Overweight to Equal-Weight and set a price target of $70.
January 04, 2024 | 12:44 pm
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BJ's Wholesale Club was downgraded by Wells Fargo from Overweight to Equal-Weight with a $70 price target.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target may also influence investor expectations and trading behavior.
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