COST - BJ's Wholesale Club: Strong Outlook For FY24 Fundamentals But Valuation Not Cheap
2024-03-30 07:22:15 ET
Summary
- Hold rating is recommended for BJ's Wholesale Club Holdings due to already priced-in potential upside.
- Strong FY24 performance is expected due to prior investments and a potential for guidance beat.
- Valuation at 19x forward earnings limits the attractiveness of the stock despite a positive outlook.