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.
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