Jefferies Raises 1Q EPS On BJs Wholesale Club

According to Jefferies, BJ's Wholesale Club

1Q EPS is raised. Jefferies said that it is raising its 1Q EPS estimate to $0.56 reflecting on plan comp store sales. “We continue to primarily recommend BJ shares on the prospects of a going private transaction, and have raised our price target to $60/sh based on and 8x EV/EBITDA target.” BJ's Wholesale Club closed yesterday at $51.76.