Goldman Sachs Reaffirms Valuation On BJ's Wholesale Club

According to Goldman Sachs, BJ's Wholesale Club BJ shares have been range-bound year to date as speculation surrounding the company's announcement that it is seeking strategic alternatives has offset improving fundamentals, in our view. Goldman Sachs said that recent reports of an uninterested management team and dwindling bidders (CNBC/dealreporter) could pressure shares near-term. “However we see a backstop in shares due to a combination of improving fundamentals and undemanding valuation.” BJ's Wholesale Club closed yesterday at $50.20.