BJ’s Stock Falls on Eve of Analysts’ Meeting
Oct 16, 2007 8:00 AM
NATICK, Mass. — The stock of BJ’s Wholesale Club here fell about 4% yesterday after an analyst downgraded the company, citing slowing traffic at the chain. Bank of America Securities downgraded BJ’s to “sell,” from “neutral,” according to reports, a day ahead of today’s scheduled analysts’ meeting, at which the company is expected to introduce its new management team and outline its merchandising strategies going forward. BJ’s stock closed at $35.91, down $1.53.
Read More of Today's Headlines
Subscribe / Renew to Supermarket News
The most reliable source of industry news and insight...in print and online.
- Subscribe Today and gain instant access to the online SN Archive
- Renew
- Sign up for email newsletter
advertisement
Most Viewed News
A panel of professionals answers your questions on a variety of topics.
Retail Analytics
Brian Ross
In This Week's Viewpoints
David Orgel:
Why Ethnic Retailing Surges Despite Tough Times
Mark Hamstra:
Economy Creates Opportunity for Store Brands











